|Author (Person)||Dyson, Kenneth, Marcussen, Martin|
|Publisher||Oxford University Press|
|Content Type||Textbook | Monograph|
Central banks have been caught up in a major historic political project. What does it mean for them? What does the age of the euro tell us about the power of central banks, their Europeanization and whether they are coming to resemble each other more closely?
This book brings together a range of recognised academic specialists to examine the main political aspects of this question. How, and in what ways, has the euro Europeanised central banks (members and non-members of the Euro Area)? What have been its effects on the power of central banks and their use of power? Has the euro generated convergence or divergence in central banking?
The book offers an in-depth and systematic political analysis of central banks in the first decade of the euro. It places the euro in its global and European contexts, including the US Fed and the Australasian central banks, patterns of differentiated integration in European central banking, and the European Central Bank. It offers a set of case studies of its effects on a representative sample of EU central banks (euro 'insiders' and 'outsiders') and looks at four main thematic areas (monetary policy, financial market supervision, accountability and transparency, and research).
The book contributes to Europeanization studies, comparative political economy, and studies of Economic and Monetary Union. It will be of interest to students of the European Union and European integration, comparative European politics, and area and 'country' studies. More generally, it will interest all those interested in central banking and their pivotal and problematic position between politics and markets.
Part I: The Changing Context of Central Banking
Part II: Eurosystem 'Insider' Central Banks
Part III: 'Temporary' Outsiders: Pace Setters and Laggards
Part IV: 'Semi-Permanent' Outsiders
Part V: Lessons from Non-European Central Banks
Part VI: Convergence and Divergence
|Subject Categories||Economic and Financial Affairs, Politics and International Relations|
|Countries / Regions||Europe|