What will be the monetary policy regime pursued by the ECB? It cannot be the hard currency option because the Euro will be a floating currency. My guess is that, whatever the ECB chooses, it will rather closely resemble inflation targeting.
In recent years, increasing attention has been accorded towards development and implementation of standards and codes to strengthen the international financial architecture. The IMF and the World Bank have taken the initiative to monitor and assess member countries’ financial sectors as also their observance of standards and codes through Reports on the Observance of Standards and Codes (ROSCs).