At their Maastricht summit, heads of state of the European Community (EC) countries agreed
to establish a single currency and a common central bank by the end of the century. For …

In recent decades, countries have experimented with a variety of monetary institutions,
including alternative exchange-rate arrangements and different levels of central bank …

Although central banks possess a similar function across the industrial democracies, their
institutional structures—their levels of independence—differ greatly. My explanation of this …

When the European Monetary System (EMS) was created in 1978, economists on both sides
of the Atlantic predicted its early failure. Today, EMS is alive and well, continuing to defy …

Central bank staff depends positively on the country's population size, its per capita income
and the central bank's independence with respect to salaries. In the developing countries …

This book analyzes how the bank-dominated financial system—a key element of the oft-
heralded" Japanese economic model"—broke down in the 1990s and spawned sweeping …

The Federal Reserve Bank of the United States is a pre-eminent banking institution, and an
institution that has been subject to scrutiny from a wide variety of scholarly perspectives. The …

The Eurosceptical Reader is the authoritative guide to the compelling arguments against
European integration. The book sets out to dispel the myth which has grown up over the past …

Banking on Reform examines the political determinants of recent reforms to monetary policy
institutions in the industrial democracies. With these reforms, political parties have sought to …

This book seeks to analyse the development of the European Union (EU), which was
founded upon the principle of the free movement of capital, goods, services and people in …