The European Central Bank and the European Macroeconomic Constitution: From Ensuring Stability to Fighting Crises (Cambridge Studies in European Law and Policy) - Image 1

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Cambridge University Press The European Central Bank and the European Macroeconomic Constitution: From Ensuring Stability to Fighting Crises (Cambridge Studies in European Law and Policy)

Name: The European Central Bank and the European Macroeconomic Constitution: From Ensuring Stability to Fighting Crises (Cambridge Studies in European Law and Policy)
Brand: Cambridge University Press
Price: 76.12 GBP
Availability: InStock

Economic Policy & Development

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Description

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.

Product Specifications

Brand: Cambridge University Press
Format: Hardcover
ASIN: 1108488749
Category: Books > Subjects > Business, Finance & Law > Economics > Economic Policy & Development
Domain: Amazon UK
Release Date: 22 September 2022
Listed Since: 09 March 2022

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Cambridge University Press The European Central Bank and the European Macroeconomic Constitution: From Ensuring Stability to Fighting Crises (Cambridge Studies in European Law and Policy)

About as cheap as it gets. The only time it was cheaper was 3 months ago.

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