|List of abbreviations and acronyms||xii|
|1Historical background and basic institutional features||1|
|The European Central Bank||1|
|The pre-euro Bundesbank||14|
|The Federal Reserve System||17|
|2Objectives, independence, transparency and accountability||28|
|Principal statutory objective(s) of, and interpretation by, the three central banks||28|
|Central bank independence||33|
|Transparency and accountability||57|
|3Monetary policy: strategy, instruments and actions||64|
|Monetary policy strategy of the Eurosystem||65|
|Operational instruments of the Eurosystem||81|
|Monetary policy decisions of the Eurosystem||90|
|Monetary policy strategy and instruments of the pre-euro Bundesbank||117|
|The Fed’s monetary policy strategy||133|
|The Fed’s principal operational instruments||139|
|4Economic policy coordination in the eurozone||143|
|The economic policy framework||144|
|Banking prudential supervision and financial stability||175|
Questia, a part of Gale, Cengage Learning. www.questia.com
Book title: Central Banking Systems Compared: The ECB, the Pre-Euro Bundesbank, and the Federal Reserve System.
Contributors: Emmanuel Apel - Author.
Place of publication: New York.
Publication year: 2003.
Page number: vii.
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