The European Central Bank: the search for credibility

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.

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