Howarth, D.

2009-09-14T15:24:15Z

2009-09-14T15:24:15Z

2009

Europeanization since 1993—the independence of the Bank of France in 1994 and the transfer of monetary policy powers to the European Central Bank (ECB) in 1999—had a clear and direct impact on the power and roles of the Governor and the members of the Conseil de la Politique Monétaire (MPC), but a less obvious impact on the organization and responsibilities of the Bank itself. Independence and the 1999 transfer have also had a direct impact upon the Bank’s role in public life. Well over a decade since independence, monetary policy remains more politicized in France than in most Eurosystem member states, thus bucking the trend of apoliticisation (Marcussen chapter). In terms of the Bank’s core operations, however, political hostility has created only marginal difficulties.

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Howarth, D.. (2009) Bank of France: The challenge of escaping politicization

9780199218233

http://oup.com/us/catalog/general/subject/Politics/ComparativePolitics/EuropeanUnion/?view=usa&ci=9780199218233

http://hdl.handle.net/1842/3064

en

Oxford University Press

Bank of France, Central Bank, Monetary Policy, Economic and Monetary Union, European Central Bank

Bank of France: The challenge of escaping politicization

Book Chapter