The New European Central Bank: Taking Stock and Looking Ahead
The New European Central Bank: Taking Stock and Looking Ahead
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Abstract
The New European Central Bank features an edited collection on a retrospective and prospective account of the European Central Bank (ECB) and its evolution. The ECB was introduced in the European legal order on the occasion of the Treaty of Maastricht in 1992. However, the ECB in modern times differs from its 1998 inception with regards to its monetary policy options, consideration of concerns other than low inflation in its policy-making, and its role in the Banking Union. Additionally, the book tackles the most salient and controversial elements of the ECB’s crisis response, such as unconventional monetary policy measures and the ECB’s risk management strategy. It also elaborates on the notions of financial stability and environmental stability.
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Front Matter
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1
Introduction: The ‘New’ European Central Bank
Thomas Beukers and others
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Part I The ECB’s Response to the Financial and Sovereign Debt Crisis: Unconventional Monetary Policy and the Lender of Last Resort Function
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Part II Moving beyond Monetary Policy: The ECB, Financial Stability, Economic Integration, and the (Future of the) Banking Union
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5
The ECB and Financial Stability
Agnieszka Smoleńska andThomas Beukers
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6
The ECB and Economic Integration
Jonathan Bauerschmidt
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7
The ECB’s Role in the European Banking Union
Kern Alexander
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8
The Relationship between the ECB and the National Competent Authorities in the Single Supervisory Mechanism: Problems and Perspectives
Federico Della Negra andGianni Lo Schiavo
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9
The Role of the ECB in the International Arena and the External Dimension of EMU: A ‘New’ ECB within a Crippled Legal Framework?
Florin Coman-Kund
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5
The ECB and Financial Stability
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Part III Institutional Setting: The ECB’s ‘Institutional Logic’ and Its Relationship with Governments, Courts, and Parliaments
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10
The Independence of the ECB: Justification, Challenges, and Possible Threats
Alexander Thiele
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11
The Legitimacy and Accountability of the ECB at the Age of Twenty
Fabian Amtenbrink andMenelaos Markakis
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12
The ECB and the Court of Justice: Old Toolbox, New Problems
Takis Tridimas
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13
Assessing and (Re-)situating Today’s ECB in the EU’s Institutional Landscape
Diane Fromage
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14
The ECB in the New Normal: Organizing Fiscal Support for Monetary Policy
Ad van Riet
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10
The Independence of the ECB: Justification, Challenges, and Possible Threats
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Part IV A Contextual Analysis of the ECB
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End Matter
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