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| Tekijä: | Hefeker, C. |
| Otsikko: | Federal monetary policy |
| Lehti: | Scandinavian Journal of Economics
2003 : VOL. 105:4, p. 643-659 |
| Asiasana: | Monetary policy Monetary system |
| Vapaa asiasana: | Federalism |
| Kieli: | eng |
| Tiivistelmä: | What is the optimal institutional structure for a federal central bank? This paper develops a framework and uses it to analyze under what conditions an individual region will prefer a monetary union to be organized according to regional or common influences and how a combination of both can be rationalized. Also implications of an enlargement of a monetary union for changes in its institutional setup are derived. |
SCIMA