The European Central Bank and the European Macroeconomic Constitution

European Union Law

The European Central Bank and the European Macroeconomic Constitution

By Klaus Tuori
Cambridge University Press September 2022

Specifications

ISBN-13
9781108488747
Publisher
Cambridge University Press
Publication
September 2022
Format
Hardback
Jurisdiction
U.K. ? Countri(es) for reference only

Details

The book is about money, central banking and constitutions. It explains how the European Central Bank was established to ensure stability and prosperity for the euro area. The ECB was guided and controlled by a coherent European Macroeconomic Constitution. However, this model has failed during recurring crises, and the ECB has started to act as the euro area fire brigade. Consequently, it is pushing the boundaries of monetary policy, and with that challenging the accountability mechanisms and fundamentally also the democratic legitimacy of the EMU. The book sheds light on this complex economic-constitutional setting with a view on the future. The imbalance between various new operations and a single price stability objective is difficult to remedy. New objectives of financial stability, economic adjustment and environmental sustainability can cause fundamental ruptures between the ECB's formal role and its actions, and they also dangerously overburden monetary policy moving forward with substantial risks.

Table of Contents

1. Introduction – a supranational central bank as a subject
Part I. The ECB as the Central Bank of the European Macroeconomic Constitution:
2. The three foundations of the EMU
3. The principles of the European Macroeconomic Constitution
4. ECB organisation, monetary policy strategy and operational framework
Part II. Crises, ECB Measures and the Macroeconomic Constitution:
5. ECB monetary policy during the financial crisis
6. The prelude to the sovereign debt crisis: events, ECB verbal interventions and EU rescue programmes
7. Selective government bond purchases
8. The ECB's quantitative easing
9. The banking union – the ECB takes over banking supervision
10. ECB measures during the Covid-19 pandemic
Part III. The ECB from a Central Bank of Stability to a Central Bank of Crisis
11. The fate of the European Macroeconomic Constitution
12. The objectives for the ECB and the Macroeconomic Constitution going forward
Epilogue: where do we go from here?
HKD 1,160.12 −3%
HKD 1,196.00

Inclusive of HK delivery

Ready to ship
Delivery Time: around 4-5 weeks
Extra 10 working days if shipping address outside Hong Kong
  • Free HK shipping over HK$1,000
  • International shipping to 35+ countries
Order Form
Save

Recommended

You may also be interested in these books:

More titles from European Union Law

View all
Procedural Rights in Competition Law in the EU and China
Springer-Verlag

Procedural Rights in Competition Law in the EU and China

Caroline Cauffman; Qian Hao
HKD 1,196.00
European Union Law, 3rd Edition
Sweet & Maxwell U.K._

European Union Law, 3rd Edition

Professor Koen Lenaerts; Professor Piet Van Nuffel; Robert Bray; Nathan Cambien
HKD 559.30
Bank Failure and Resolution in the EU: Lessons for the Crisis Management and Deposit Insurance Framework Pre-order
Routledge

Bank Failure and Resolution in the EU: Lessons for the Crisis Management and Deposit Insurance Framework

Sebastian Royo; Ewa Miklaszewska; Giovanni Ferri
HKD 1,954.55
Should Britain Leave the EU?: An Economic Analysis of a Troubled Relationship
Edward Elgar Publishing

Should Britain Leave the EU?: An Economic Analysis of a Troubled Relationship

Patrick Minford, Vidya Mahambre; Sakshi Gupta
HKD 478.55
The Impact of Cybercrime on Belgian Businesses
Intersentia Publishers

The Impact of Cybercrime on Belgian Businesses

Letizia Paoli; Jonas Visscher; Cedric Verstraete; Elke Van Hellemont
HKD 731.50
Gendering European Working Time Regimes: The Working Time Directive and the Case of Poland
Cambridge University Press

Gendering European Working Time Regimes: The Working Time Directive and the Case of Poland

Ania Zbyszewska
HKD 1,311.44