For the purpose of the curse this paper will give a brief overview about the historical development of the European Central Bank and the predecessor institutions of the European Monetary Union. Therefore the author will select certain points in the path to the monetary Union in order to give a slight insight in the developments behind this powerful European institution. A short outline of the chapter will also be provided in the beginning of it.
After the author has examined the chosen parts of the historical background with the conclusion that the integration process of the European Monetary Union is somehow exemplary for the integration movement in Europe itself, he will go over to the examination of the monetary strategy carried trough by the central bank. Again this investigation will have an introductionary character which also spears out the claim to be complete in the editing of the subject of matter. This section about the strategy of the central bank will shortly comprehensively explain the two pillar strategy and its advantages for the agents concerned.
Followed from a section about transparency and accountability which will be introduced with some opening remarks as well, the paper will conclude with a revision of the applied arguments of the text and drawn upon this a short closing comment to the read paper.
The paper will provide the reader with a basic knowledge about the development of the European Central Bank and additionally with some arguments which could be helpful in the discussion of the just mentioned subject.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- A historical background of the developments towards the establishment of the ECB
- The road to EMU
- The establishment of the ECB
- Monetary Strategy and democratic Accountability of the ECB
- Monetary strategy of the ECB
- Transparency and Accountability of the ECB
- Conclusion
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This seminar paper provides a concise overview of the European Central Bank (ECB) development, focusing on its historical background, monetary strategy, and issues of transparency and accountability. The paper aims to offer insights into the complex process of establishing the ECB and its significance for the European integration process.
- Historical Development of the ECB
- Monetary Strategy and Policy of the ECB
- Transparency and Accountability of the ECB
- European Integration Process
- Economic and Monetary Union (EMU)
Zusammenfassung der Kapitel (Chapter Summaries)
- Introduction: This chapter introduces the topic of the paper, outlining its purpose, scope, and structure. It briefly introduces the key themes of ECB development, transparency, and accountability.
- A historical background of the developments towards the establishment of the ECB: This chapter examines the historical path leading to the establishment of the ECB, exploring key milestones in European integration, particularly focusing on the development of the European Monetary Union (EMU). It highlights the significance of the Common Market, the Werner Plan, and the European Monetary System (EMS) in shaping the EMU and the eventual creation of the ECB.
- Monetary Strategy and democratic Accountability of the ECB: This chapter explores the ECB's monetary strategy, including the two-pillar approach. It delves into the importance of transparency and accountability in the functioning of the ECB, examining the mechanisms in place for achieving these objectives.
Schlüsselwörter (Keywords)
The core keywords of this paper revolve around the European Central Bank (ECB), its historical development, monetary strategy, transparency, and accountability. Key themes include European integration, the European Monetary Union (EMU), and the impact of the ECB on European economic policies. The paper also explores concepts like the two-pillar strategy, the role of supranational institutions, and the balance between monetary stability and democratic accountability in the context of the ECB.
- Quote paper
- Oliver Gust (Author), 2005, The development of the European Central Bank, Transparency and Accountability, Munich, GRIN Verlag, https://www.grin.com/document/67449
