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03783aam a2200433 i 4500 001 1DCCCD04803411ED944134D030ECA4DB 003 SILO 005 20221220010056 008 220628t20222022enka b 001 0 eng 010 $a 2022030699 020 $a 110873880X 020 $a 9781108738804 020 $a 1108488749 020 $a 9781108488747 035 $a (OCoLC)1304816728 040 $a DLC $b eng $e rda $c DLC $d YDX $d SILO 042 $a pcc 043 $a e------ 050 00 $a KJE7051 $b .T86 2022 084 $a LAW051000 $2 bisacsh 100 1 $a Tuori, Klaus, $e author. 245 14 $a The European Central Bank and the European macroeconomic constitution : $b from ensuring stability to fighting crises / $c Klaus Tuori, University of Luxembourg. 264 1 $a Cambridge, United Kingdom ; $b Cambridge University Press, $c 2022. 300 $a xix, 334 pages : $b illustrations ; $c 24 cm. 490 1 $a Cambridge studies in European law and policy 500 $a Based on author's thesis (doctoral - Helsingin yliopisto, 2017) issued under the title: The Eurosystem and the European economic constitution : a constitutional analysis of common central banking before and during the crisis. 504 $a Includes bibliographical references and index. 505 0 $a Introduction -- a supranational central bank as a subject -- The three foundations of the EMU -- The principles of the European macroeconomic constitution -- ECB organisation, monetary policy strategy and operational framework -- ECB monetary policy during the financial crisis -- The prelude to the sovereign debt crisis : events, ECB verbal interventions and EU rescue programmes -- Selective government bond purchases -- The ECB's Quantitative Easing -- The banking union -- the ECB takes over banking supervision -- ECB measures during the covid-19 pandemic -- The fate of the European macroeconomic Constitution -- The objectives for the ECB and the Macroeconomic Constitution going forward -- Epilogue : where do we go from here? 520 $a "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"-- $c Provided by publisher. 610 20 $a European Central Bank. 650 0 $a Banks and banking, Central $x Economic aspects $x Economic aspects $z European Union countries. 651 0 $a European Union countries $x Economic policy. 650 7 $a LAW / International. $2 bisacsh 653 $a Economic constitution 776 08 $i Online version: $a Tuori, Klaus. $t The European Central Bank and the European macroeconomic constitution $d Cambridge, United Kingdom ; New York, NY : Cambridge University Press, 2022 $z 9781108771757 $w (DLC) 2022030700 830 0 $a Cambridge studies in European law and policy. 941 $a 1 952 $l OVUX522 $d 20231018022322.0 956 $a http://locator.silo.lib.ia.us/search.cgi?index_0=id&term_0=1DCCCD04803411ED944134D030ECA4DBInitiate Another SILO Locator Search