Feature
The Euro 50 Group Roundtable: The monetary dimension of European enlargement
Introduction by Edmond Alphandéry, former French finance minister and chairman of the Euro 50 group1.
Why Britain should not join the euro
Janet Bush rejects the economic benefits of monetary union and argues that there is insurmountable opposition to the necessary complementary institution, a European government.
Establishing the credibility of inflation targets
Jannie Rossouw argues that inflation targetting alone is insufficient. Belief in the credibility of the inflation measure itself is essential for a successful policy.
Rational and irrational bubbles
How should central banks react to “irrational exuberance”? Central banks cannot burst what they cannot see, contends Allan Meltzer.
Website of the year
The governor of the Bank of Canada, David Dodge, was in London to receive the award for the best central bank website for 2003.
Reserve management: a new era
Dramatic changes in international markets and the role of reserves demand a re-appraisal of reserve management. Terrence Keeley urges more openness and public debate about reserve management