The European Central Bank and the European Macroeconomic Constitution: From Ensuring Stability to Fighting Crises

ISBN-13: 9781108488747 / Angielski / Twarda / 2022

Klaus Tuori

Opis

An examination of how the European Central Bank was established to ensure stability and prosperity for the euro area.

Recenzje

'Recommended.' M. H. Lesser, Choice

Spis treści

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?.