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The European Central Bank
| Clasificación: | Libro Electrónico |
|---|---|
| Autores principales: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Newcastle upon Tyne :
Agenda Publishing,
2020.
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| Colección: | Finance matters
|
| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Intro
- Half Title
- Series Information
- Title Page
- Copyright Page
- Contents
- Tables and figures
- Preface
- 1 Introduction: European integration
- 2 From the Bretton Woods system to European Monetary Union
- Exchange rate turbulence since the end of the 1960s
- The European Monetary System
- 3 The Maastricht Treaty and the Stability and Growth Pact
- The Maastricht Treaty
- The Maastricht criteria
- The Stability and Growth Pact (SGP)
- 4 Structure, political and legal framework of the European Central Bank
- The organizational structure of the European System of Central Banks
- The independence of central banks and the ECB
- Prohibition of direct financing of public budgets
- Personal independence
- Financial independence
- Target independence
- Exchange rate policy
- Instrument independence
- Accountability and transparency
- Legal foundations of independence
- Summary
- 5 Preconditions for a stable monetary union
- Summary
- 6 The failure of the two-pillar strategy of the ECB and the revival of Wicksell
- Money in the Keynesian tradition
- The two-pillar strategy of the ECB
- Monetary policy in the tradition of Knut Wicksell
- 7 Increasing economic fragility IN THE EMU before the financial crisis
- Interest rates, asset bubbles and GDP growth
- Wages, unit labour costs and prices
- Current account imbalances
- Fiscal policy
- Different macroeconomic regimes in the EMU
- Summary
- 8 Monetary policy during the Great Recession
- The financial market crisis and Great Recession in the EMU
- The monetary policy response
- Fiscal policy and bank bailouts
- Summary
- 9 Monetary policy and the escalation of the euro crisis until 2012
- No comprehensive lender of last resort for public households
- The ECB's monetary policy
- Limited help for public households
- Target2-balances
- Interest rate policy
- The special case of Ireland
- Summary
- 10 The ECB holds the euro together
- The ECB as lender of last resort for public budgets
- Zero interest rates and quantitative easing
- Fiscal policy, current account and wage development
- Comparison with the Fed's monetary policy
- Summary
- 11 The fiscal policy framework in the EMU: no partner for the ECB
- The German debt brake
- European Semester: reform of the SGP, Sixpack, Fiscal Compact and Twopack
- Sixpack
- Fiscal Compact
- Twopack
- European Semester
- Summary
- 12 Financial market supervision, Banking Union and financial market regulation
- The new structure of financial market supervision in EMU
- The European Banking Union
- New rules in the regulation of the financial markets
- Assessment of the financial market reforms
- 13 The Covid-19 crisis and its effects on the EMU
- Monetary policy measures in the Covid-19 crisis
- Country-specific fiscal crisis management
- Fiscal policy in the EU