Eurosystem is less transparent and efficient than Fed, research finds
European central banking structure is twice as expensive as its US equivalent
The Eurosystem provides less information about its policies and its institutions are less cost-effective than the Federal Reserve, research published by the think-tank Bruegel finds.
The Eurosystem – Too opaque and costly? by Francesco Papadia and Alexander Roth analyses the cost effectiveness and transparency of the system in its implementation of monetary policy.
The research finds that, despite recent improvements implemented in the wake of the financial crisis, the European Central Bank
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