The Allocation of Power in the Enlarged ECB Governing Council

The Allocation of Power in the Enlarged ECB Governing Council
Author :
Publisher : CEPS
Total Pages : 29
Release :
ISBN-10 : 9789290795339
ISBN-13 : 9290795336
Rating : 4/5 (336 Downloads)

Book Synopsis The Allocation of Power in the Enlarged ECB Governing Council by : Ansgar Belke

Download or read book The Allocation of Power in the Enlarged ECB Governing Council written by Ansgar Belke and published by CEPS. This book was released on 2004 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study analyses the allocation of power in the Governing Council of the European Central Bank (ECB) as it enlarges to accommodate new members of the economic and monetary union. For this purpose, classical power indices that have their origin in solutions of cooperative games are applied. First, an assessment is made of the effects of enlargement on the voting power of different subgroups of the Governing Council that arise in the wake of the continuous accession process. Second, a systematic comparison is carried out of the status quo role ('one member, one vote') with respect to the voting power of the ECB Executive Board and to the representativeness of European monetary policy, along with the potential for its re-nationalisation.


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