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Item Details
Title: CENTRAL BANKING GOVERNANCE IN THE EUROPEAN UNION
A COMPARATIVE ANALYSIS
By: Lucia Quaglia
Format: Electronic book text

List price: £39.99


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ISBN 10: 113409017X
ISBN 13: 9781134090174
Publisher: TAYLOR & FRANCIS LTD
Pub. date: 11 December, 2007
Series: Routledge/UACES Contemporary European Studies
Pages: 208
Synopsis: This book fills a gap in academic literature on the politics and public policy aspects of central banking in Europe, by conducting a theoretically-informed and empirically-grounded analysis of central banking governance before and after the establishment of the Economic and Monetary Union (EMU). The main framework for analysis is a `multi-level institutionalist approach', articulated on three interconnected levels: the `systemic-level', which encompasses the European, transnational and international arenas; the `national-level', which considers the configuration of the domestic socio-economic and political environment in which each central bank operates; and the `micro-institutional level', which deals with the specific features of each central bank.Methodologically, the research engages in a structure-focused comparison, using qualitative methods. In order to do so, it conceptually develops and empirically applies the notion of `mode' of central banking governance, operationalised through four main components:the legal frameworkcentral bank `autonomy' (or de facto independence) from the political authoritiescentral bank `policy capacity' in three policy areas that are crucial for central banking governance, namely monetary and exchange rate policies, financial regulation and supervisioncentral bank legitimacy. Empirically, this monograph focuses on the Bank of England, the Bundesbank, the Banca d'Italia and the ECB over the period 1979 to present, with particular attention paid to the last decade. It is grounded in in-depth and extensive primary research, enriched by interviews with policy-makers.Central Banking Governance in the European Union will be of interest to students and researchers of Politics, Economics and Political Economy.
Illustrations: 3 Tables, black and white
Publication: UK
Imprint: Routledge
Returns: Non-returnable
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