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Palgrave Macmillan Studies in Banking and Financial Institutions

European Central Banking Law

The Role of the European Central Bank and National Central Banks under European Law

Authors: Gortsos, Christos

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  • 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
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eBook $89.00
price for USA in USD (gross)
  • ISBN 978-3-030-34564-8
  • Digitally watermarked, DRM-free
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  • Immediate eBook download after purchase
Hardcover $119.99
price for USA in USD
  • ISBN 978-3-030-34563-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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 NCBs within 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.

About the authors

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.

Table of contents (11 chapters)

Table of contents (11 chapters)
  • The Functions of Central Banks and Definition of European Central Banking Law

    Pages 3-61

    Gortsos, Christos V.

  • The Establishment of the European System of Central Banks and the Eurosystem

    Pages 63-103

    Gortsos, Christos V.

  • The Establishment of the European System of Financial Supervision

    Pages 105-140

    Gortsos, Christos V.

  • The Establishment of the (European) Banking Union

    Pages 141-182

    Gortsos, Christos V.

  • The Systems and Mechanisms of the European Central Bank and National Central Banks

    Pages 185-243

    Gortsos, Christos V.

Buy this book

eBook $89.00
price for USA in USD (gross)
  • ISBN 978-3-030-34564-8
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $119.99
price for USA in USD
  • ISBN 978-3-030-34563-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

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
Series Title
Palgrave Macmillan Studies in Banking and Financial Institutions
Copyright
2020
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG
eBook ISBN
978-3-030-34564-8
DOI
10.1007/978-3-030-34564-8
Hardcover ISBN
978-3-030-34563-1
Series ISSN
2523-336X
Edition Number
1
Number of Pages
XXII, 475
Number of Illustrations
2 b/w illustrations
Topics