Monetary Policy Under Emu

Posted: 23 Mar 1999

See all articles by Charles Richard Bean

Charles Richard Bean

London School of Economics & Political Science (LSE) - Department of Economics; Bank of England


This paper considers a number of issues connected with the implementation of monetary policy in the Euro zone. These include: the techniques of monetary control; whether to adopt an explicit inflation target and, if so, for what index; the politics of decision-making within the Governing Council of the European System of Central Banks; the likelihood of there being conflicts of interest between the member countries of the Euro zone; the interaction of monetary and fiscal policy; and the role of the ESCB in maintaining financial stability.

JEL Classification: E52, F42

Suggested Citation

Bean, Charles Richard and Bean, Charles Richard, Monetary Policy Under Emu. Available at SSRN:

Charles Richard Bean (Contact Author)

Bank of England ( email )

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London School of Economics & Political Science (LSE) - Department of Economics ( email )

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