Central bank independence and the future of the euro / Panicos Demetriades.

By:

Demetriades, Panicos O [author.]

Material type: Text

TextSeries: Comparative political economyPublisher: Newcastle upon Tyne : Agenda Publishing, 2019Edition: 1stDescription: 1 online resourceContent type:

text

Media type:

computer

Carrier type:

online resource

ISBN:

9781788212861
178821286X
9781788211550
1788211553

Subject(s):

Genre/Form:

DDC classification:

332.11094 23

LOC classification:

HG2976
HG2976 .D46 2020eb

Online resources:

Click here to access online

Contents:

Foreword / Erik Jones -- Central bank roles: historical context -- Central bank independence in Europe: origins, scope and limits -- Crisis management and legitimacy -- The European Central Bank's policies during the crisis -- Whatever it takes -- Banking union -- Small countries and why they matter -- Political money-laundering -- Can the erosion of central bank independence be reversed?

Summary: "Over the past decade central banks have taken on new and expanded roles in an attempt to manage the global financial crisis. The European Central Bank (ECB) has been no exception. If anything, because of the incomplete architecture of the euro, the ECB has faced more serious challenges than either the Bank of England or the Federal Reserve. With the onset of the euro crisis, the ECB was forced to take on powers that went well beyond the conventions of standard monetary policy to prevent European Monetary Union from unravelling. Panicos Demetriades, former Governor of the Central Bank of Cyprus during the country's bailout in 2013, examines the role of the ECB and its adoption of these new powers, which have led to legal and political challenges, high level resignations and the controversial removal of central bankers from their posts without due process."

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"Over the past decade central banks have taken on new and expanded roles in an attempt to manage the global financial crisis. The European Central Bank (ECB) has been no exception. If anything, because of the incomplete architecture of the euro, the ECB has faced more serious challenges than either the Bank of England or the Federal Reserve. With the onset of the euro crisis, the ECB was forced to take on powers that went well beyond the conventions of standard monetary policy to prevent European Monetary Union from unravelling. Panicos Demetriades, former Governor of the Central Bank of Cyprus during the country's bailout in 2013, examines the role of the ECB and its adoption of these new powers, which have led to legal and political challenges, high level resignations and the controversial removal of central bankers from their posts without due process."