What central banks have learned: lessons from pre-EMU Europe
This paper examines the intentions and outturns of central bank policies in Europefrom the collapse of the Bretton Woods system of fixed exchange rates until the start ofEMU in 1999. It focuses on the lessons that can be drawn from the three dominant policy strategies of money targeting, exchange ra...
| Main Author: | |
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2001-09-01
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| Series: | PSL Quarterly Review |
| Subjects: | |
| Online Access: | http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/9934/9816 |
| _version_ | 1818936437046771712 |
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| author | Aerdt C.F.J. Houben |
| author_facet | Aerdt C.F.J. Houben |
| author_sort | Aerdt C.F.J. Houben |
| collection | DOAJ |
| description | This paper examines the intentions and outturns of central bank policies in Europefrom the collapse of the Bretton Woods system of fixed exchange rates until the start ofEMU in 1999. It focuses on the lessons that can be drawn from the three dominant policy strategies of money targeting, exchange rate targeting and inflation targeting. Several of the lessons that are relevant to the euro area are shown to have been incorporated into the monetary policy strategy of the European Central Bank. |
| first_indexed | 2024-12-20T05:36:03Z |
| format | Article |
| id | doaj.art-ca6b98d2e30d4f998807decd40ea64be |
| institution | Directory Open Access Journal |
| issn | 2037-3635 2037-3643 |
| language | English |
| last_indexed | 2024-12-20T05:36:03Z |
| publishDate | 2001-09-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | PSL Quarterly Review |
| spelling | doaj.art-ca6b98d2e30d4f998807decd40ea64be2022-12-21T19:51:37ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36432001-09-0154218289311What central banks have learned: lessons from pre-EMU EuropeAerdt C.F.J. HoubenThis paper examines the intentions and outturns of central bank policies in Europefrom the collapse of the Bretton Woods system of fixed exchange rates until the start ofEMU in 1999. It focuses on the lessons that can be drawn from the three dominant policy strategies of money targeting, exchange rate targeting and inflation targeting. Several of the lessons that are relevant to the euro area are shown to have been incorporated into the monetary policy strategy of the European Central Bank.http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/9934/9816EMUExchange RatesFixed Exchange RateInflationMoneyPolicy |
| spellingShingle | Aerdt C.F.J. Houben What central banks have learned: lessons from pre-EMU Europe PSL Quarterly Review EMU Exchange Rates Fixed Exchange Rate Inflation Money Policy |
| title | What central banks have learned: lessons from pre-EMU Europe |
| title_full | What central banks have learned: lessons from pre-EMU Europe |
| title_fullStr | What central banks have learned: lessons from pre-EMU Europe |
| title_full_unstemmed | What central banks have learned: lessons from pre-EMU Europe |
| title_short | What central banks have learned: lessons from pre-EMU Europe |
| title_sort | what central banks have learned lessons from pre emu europe |
| topic | EMU Exchange Rates Fixed Exchange Rate Inflation Money Policy |
| url | http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/9934/9816 |
| work_keys_str_mv | AT aerdtcfjhouben whatcentralbankshavelearnedlessonsfrompreemueurope |