02393nam a22002777a 4500 CY-PaNEU 20230412114850.0 230411s2022 nyu 000 0 eng 2022938012 9780198871231 (hardback) 9780192644695 (epub) 9780191914355 CY-PaNEU eng CY-PaNEU pcc HG4551 .N49 2022 The new European central bank : taking stock and looking ahead / edited by Thomas Beukers, Diane Fromage, and Giorgio Monti. New York : Oxford University Press, 2022 xxvi, 450 p.: ill. ; 24 cm. "This chapter presents the reasons why the edited volume seeks to determine the extent to which and in which domains we are now confronted with a 'new ECB'. It also presents the various perspectives one can take in characterising the ECB's transformation, the main elements in the evolution of the ECB, and the main causes, triggers and factors in the ECB's evolution. The chapter discusses the essence of the evolution of the ECB by looking at a few elements that stand out. These elements relate to the main features of the ECB enshrined in the Treaties, namely: 1) the ECB's substantive mandate, to which definition Article 127 TFEU is central; 2) the ECB's relationship to euro area Member States' sovereign debt, in which respect Article 123 TFEU is central; and 3) the ECB's relationship to politics, for which Article 130 TFEU is central. The chapter, moreover, discusses several possible causes, triggers and factors for the ECB's evolution. It evidences that the emergence of a 'new ECB' is not so much a consequence of Treaty change or a change in the underlying ideas, but is very much a reaction to the events that have occurred since the creation of the ECB, and is determined by autonomous action by an ECB, which has used the gaps inherent in its mandate, and by political decision making. Finally, the chapter highlights some of the areas where relevant developments can be expected, and some of the main challenges the ECB will need to address"-- Provided by publisher. Stock exchange transactions 14948 Banks and banking 14949 Beukers, Thomas 1979- 14944 Fromage, Diane author. 14946 Monti, Giorgio author. 7711 BK 7010 7010 0 0 lcc 0 1 mat CY-PaNEU CY-PaNEU 2023-04-12 0 HG4551 .N49 2022 3012003 2023-04-12 00:00:00 1 2023-04-12 BK 0 0 lcc 0 0 mat CY-PaNEU CY-PaNEU 2023-09-18 1 HG4551 .N49 2022 3012227 2026-10-21 11:56:27 2026-10-07 2 2023-09-18 BK