Overview

The coming of the Euro as a new currency was a huge step for European banking and finance. Although the new European Central Bank's organisation, monetary instruments and objectives are very similar to those of the pre-Euro Bundesbank, there are still notable differences. This new study provides a comprehensive survey of the recently established European financial system in comparison to previous European systems and the US Federal Reserve. This comprehensive study covers such themes as: historical information on the basic features of each system comparison and analysis of each system's statutory objectives the recent policy actions of different banking systems economic policy in the Eurozone This well-written contribution to financial economics should be of interest to academics and students as well as being an excellent resource for professionals concerned with financial systems around the world.

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9780415300421

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Emmanuel Apel is Associate Professor of Economics at the University of Ottawa, Canada.

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