Overview
- Focuses on ECB law as the interplay between EU Banking Union Law and EU Monetary Law
- Studies ECB from a comparative point of view
- Provides comprehensive coverage on the legal framework governing ECB’s single monetary policy as well as macro- and micro-prudential oversight of the EU financial system
Part of the book series: Palgrave Macmillan Studies in Banking and Financial Institutions (SBFI)
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About this book
This book provides a comprehensive overview of European Union (EU) central banking law, a field of EU economic law which emerged in the late 1990s and has developed rapidly ever since. European central banking law pertains to the rules governing the functions, operation, tasks and powers of the European Central Bank (ECB) and the national central banks (NCBs) of EU Member States. Systematically presenting and analysing the role of the ECB as a monetary and banking supervisory authority, the book discusses its changing and developing responsibilities following the financial crisis of 2007-2009 and the ongoing fiscal crisis in the euro area. The book also highlights the ECB’s significant role in relation to the resolution of credit institutions, as well as, conversely, its relatively limited role in respect of last-resort lending to EU credit institutions exposed to liquidity risk.
The related tasks and powers of the ECB are presented in light of its interaction with NCBswithin the Eurosystem, the European System of Financial Supervision, the Single Supervisory System and the Single Resolution Mechanism. Providing a detailed analysis of the legal framework governing (mainly) the ECB’s monetary policy and other basic tasks within the Eurosystem and its specific tasks in relation to banking supervision and macro-prudential financial oversight, this comprehensive book will be of interest to researchers, practitioners and students in the fields of EU monetary and banking law.
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Keywords
Table of contents (11 chapters)
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Front Matter
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Definition and Evolution of European Central Banking Law
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Front Matter
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Institutional Architecture
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Front Matter
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Tasks and Competences of the European Central Bank
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Front Matter
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Conclusion
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Front Matter
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Back Matter
Authors and Affiliations
About the author
Christos V. Gortsos is Professor of Public Economic Law in the Law School of the National and Kapodistrian University of Athens, Greece. He is also, inter alia, Visiting Professor at the Europa Institut of the University of Saarland, Germany; Research Partner in the University Research Priority Program, ‘Financial Market Regulation’, at the University of Zurich, Switzerland; and Member of the European Banking Institute’s Academic Board. With his interests revolving around economic constitutional law, international and EU monetary and financial law, and central banking law, Christos was granted the Fernand Braudel Senior Fellowship (2017-18) at the European University Institute in Florence, Italy.
Bibliographic Information
Book Title: European Central Banking Law
Book Subtitle: The Role of the European Central Bank and National Central Banks under European Law
Authors: Christos V. Gortsos
Series Title: Palgrave Macmillan Studies in Banking and Financial Institutions
DOI: https://doi.org/10.1007/978-3-030-34564-8
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2020
Hardcover ISBN: 978-3-030-34563-1Published: 15 February 2020
Softcover ISBN: 978-3-030-34566-2Published: 15 February 2021
eBook ISBN: 978-3-030-34564-8Published: 14 February 2020
Series ISSN: 2523-336X
Series E-ISSN: 2523-3378
Edition Number: 1
Number of Pages: XXII, 475
Number of Illustrations: 2 b/w illustrations
Topics: Banking, Financial Law/Fiscal Law, European Law