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Interest rate setting at the ECB: Individual preferences and collective decision making
(Elsevier, 2011)
We investigate whether the members of the Governing Council of the European Central Bank take into account the specific economic conditions of their states of origin, to set the interest rates for the euro area. Testing ...
National vs. European mandate: a rational choice model of interest rate decisions by the European Central Bank
(2008-04-14)
The aim of this paper is to investigate to what extent the members of the Governing Council of the European Central Bank (ECB) act as if they had a national mandate, instead of acting in the interests of price stability ...
Seigniorage and Inflation Tax in Romania: What Is the Executive Giving up by Adopting the Euro?
(SCIENDO, 2020)
[Abstract] This paper is concerned with measuring the seigniorage in Romania since the fall of communism and
the potential gains after passing to euro. Starting from the balance sheet of the central bank, we
estimated ...