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The likely extension of the euro area has triggered a debate on the organization of the ECB, in particular on the … apparent mismatch between relative economic size and voting rights in the Council. We present a simple model of optimal … representation in a federal central bank addressing this question. Optimal voting weights reflect two opposing forces: the wish to …
Persistent link: https://www.econbiz.de/10010261091
The likely extension of the euro area has triggered a debate on the organization of the ECB, in particular on the … apparent mismatch between relative economic size and voting rights in the Council. We present a simple model of optimal … representation in a federal central bank addressing this question. Optimal voting weights reflect two opposing forces: the wish to …
Persistent link: https://www.econbiz.de/10010306540
The likely extension of the euro area has triggered a debate on the organization of the ECB, in particular on the … apparent mismatch between relative economic size and voting rights in the Council. We present a simple model of optimal … representation in a federal central bank addressing this question. Optimal voting weights reflect two opposing forces: the wish to …
Persistent link: https://www.econbiz.de/10005094239
Persistent link: https://www.econbiz.de/10005705910
We propose a flexible majority rule for central bank councils where the size of the majority depends monotonically on the change in interest rate within a particular time frame. Small changes in interest rate require a small share of supporting votes, even less than 50%. We show that flexible...
Persistent link: https://www.econbiz.de/10005067504
The likely extension of the euro area has triggered a debate on the organization of the ECB, in particular on the … apparent mismatch between relative economic size and voting rights in the Council. We present a simple model of optimal … representation in a federal central bank addressing this question. Optimal voting weights reflect two opposing forces: the wish to …
Persistent link: https://www.econbiz.de/10009303502
The likely extension of the euro area has triggered a debate on the organization of the ECB, in particular on the … apparent mismatch between relative economic size and voting rights in the Council. We present a simple model of optimal … representation in a federal central bank addressing this question. Optimal voting weights reflect two opposing forces: the wish to …
Persistent link: https://www.econbiz.de/10013318847
the European Central Bank (ECB) have evolved in these three countries since their introduction at the turn of the century … in Sweden. Since the start of the crisis, trust in the ECB was strongly influenced by the pronounced increase in … unemployment in the euro area, demonstrating that the ECB was held accountable for macroeconomic developments. Our results indicate …
Persistent link: https://www.econbiz.de/10012269193
crisis have affected the conduct of monetary policy by the European Central Bank (ECB) within the Eurosystem, have led to the … Financial Supervision (ESFS) and the then of the Banking Union (BU), in some pillars of which the role of the ECB is significant …
Persistent link: https://www.econbiz.de/10014077291
decades of its existence. We detect a s imilar , but less pronounced upturn in trust in the ECB during the recovery . Our …
Persistent link: https://www.econbiz.de/10012007047