Work

Federal Monetary Policy

Year: 2003

Type: article

Abstract: What is the optimal institutional structure for a federal central bank? The framework developed in this paper is used to analyze under what conditions an individual region will prefer a monetary union to be organized according to regional or common influences and how a combination of both can be rationalized. The implications of an enlargement of a monetary union for changes in its institutional setup are also derived.

Source: Scandinavian Journal of Economics

DOI: 10.1111/j.0347-0520.2003.00007.x

Author: Carsten Hefeker

Institution: Hamburg Institute of International Economics

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W3123428199

FWCI: 9.48

Cites: 15

Cited by: 40

Related to: 10