000 02393nam a22002777a 4500
003 CY-PaNEU
005 20230412114850.0
008 230411s2022 nyu 000 0 eng
010 _a 2022938012
020 _a9780198871231
_q(hardback)
020 _z9780192644695
_q(epub)
020 _z9780191914355
040 _aCY-PaNEU
_beng
_dCY-PaNEU
042 _apcc
050 0 4 _aHG4551
_b.N49 2022
245 1 4 _aThe new European central bank :
_btaking stock and looking ahead /
_cedited by Thomas Beukers, Diane Fromage, and Giorgio Monti.
260 _aNew York :
_bOxford University Press,
_c2022
300 _axxvi, 450 p.:
_bill. ;
_c24 cm.
520 _a"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"--
_cProvided by publisher.
650 7 _aStock exchange transactions
_914948
650 7 _aBanks and banking
_914949
700 1 _aBeukers, Thomas
_d1979-
_914944
700 1 _aFromage, Diane
_eauthor.
_914946
700 1 _aMonti, Giorgio
_eauthor.
_97711
942 _cBK
999 _c7010
_d7010