Bulletin n. 1/2005
December 2005
CONTENTS
  • Section A) The theory and practise of the federal states and multi-level systems of government
  • Section B) Global governance and international organizations
  • Section C) Regional integration processes
  • Section D) Federalism as a political idea
    • Buzelay Alain
    De la crédibilité de la Banque centrale européenne
    in Revue de l'Union européenne/Revue du Marché Commun et de l'Union européenne , Numero 489, juin ,  2005 ,  pp. 370-375
    The credibility of the European Central Bank. Seven years after it was set up, the European Central Bank has still not acquired a level of credibility comparable to that of the Bundesbank, seen as a national model for the ECB to replicate for the euro zone. the quest for greater credibility, which is vital to ensuring sensible reactions from market players, makes it necessary to ensure that its actions conform to objectives redefined according to changes in economic and monetary data in the euro zone, with view to its enlargement over the longer term.
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