The European Central Bank: The New European Leviathan? David Howarth, Peter Loedl, Peter H. Loedel

David Howarth and Peter Loedel provide a theoretically inspired account of the creation, design, and operation of the European Central Bank, (ECB). Issues explored include the theoretical approaches to the ECB, the antecedents of European monetary authority, the different national perspectives on central bank independence, the complex organization of the bank, the issues of accountability and the difficult first years of the ECB in operation.