Central Banking Systems Compared: The ECB, The Pre-Euro Bundesbank and the Federal Reserve System

The coming of the Euro as a new currency was a huge step for European banking and finance. Although the new European Central Bank's organization, monetary instruments and objectives are very similar to those of the pre-Euro Bundesbank, there are still notable differences. This new study provides a comprehensive survey of the recently established European financial system in comparison to previous European systems and the US Federal Reserve. This well-written contribution to financial economics should be of interest to academics and students as well as being an excellent resource for professionals concerned with financial systems around the world.