The European Central Bank: the search for credibility
ISSN: 0307-4358
Article publication date: 1 September 2001
Issue publication date: 1 September 2001
Abstract
Assesses the effectiveness of the European Central Bank in maintaining price stability, growth and bank liquidity across the eurozone. Looks at the policies which it has applied in response to economic events, suggesting that its treatment of the falling euro value has eroded its credibility and that it is “struggling” to provide the banks with liquidity. Criticizes the speed and adequacy of its statistical information, the consensual style of managing its policy‐makers and the lack of transparency in its proceedings.
Keywords
Citation
Rabiul Hasan, M. and Severiens, J.T. (2001), "The European Central Bank: the search for credibility", Managerial Finance, Vol. 27 No. 9, pp. 12-20. https://doi.org/10.1108/03074350110767376
Publisher
:MCB UP Ltd
Copyright © 2001, MCB UP Limited