The ECB and Euro-Area Enlargement

RESEARCH - IMF Working Paper by Helge Berger, October 2002. The likely enlargement of euro-area membership will radically change the environment under which monetary policy will be made in the euro area. This paper looks at the consequences of such an expansion on the effectiveness of the institutional policymaking process of the ECB and discusses four specific institutional reform scenarios.

The ECB and Euro-Area Enlargement

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