Policy paper
Policy Paper 1: Alice in Euroland
- Introduction: Policy Paper 1: Alice in Euroland
- The Perils for EMU and the Perils of EMU
- Legitimacy Issue 1: Openness, Transparency and Accountability
- Legitimacy Issue 2: The Transfer of National Sovereignty to the ECB
- The Size of the ECB Governing Council
- The Lender of Last Resort Vaccum
- Tensions Between Centralised Authority and Operational and Informational Decentralisation
- Co-ordination of Monetary and Fiscal Policy
- Conclusions: Policy Paper 1: Alice in Euroland