Macroprudential Banking Supervision & Monetary Policy Legal Interaction in the European Union

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  • Engels
  • Paperback
  • 9783030068059
  • 28 december 2018
  • 408 pagina's
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Samenvatting

In analyzing the “legal interaction” between the two frameworks in the EU, this book seeks to provide evidence of the inconsistencies associated with the structural separation of macroprudential and monetary frameworks, shedding light upon the legal instruments that could reconcile any potential policy inconsistency.





The European experience suggests that the efforts made to achieve an efficient trade-off between monetary policy and prudential supervision ultimately failed. The severity of the global crisis have pushed central banks to explore innovative tools—within or beyond their statutory constraints—capable of restoring the smooth functioning of the financial cycle, including setting macroprudential policy instruments in the regulatory toolkit. But macroprudential and monetary policies, by sharing multiple transmission channels, may interact—and conflict—with each other. Such conflicts may represent not only an economic challenge in the pursuit of price and financial stability, but also a legal uncertainty characterizing the regulatory developments of the EU macroprudential and monetary frameworks. In analyzing the “legal interaction” between the two frameworks in the EU, this book seeks to provide evidence of the inconsistencies associated with the structural separation of macroprudential and monetary frameworks, shedding light upon the legal instruments that could reconcile any potential policy inconsistency.

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Inhoud

Taal
en
Bindwijze
Paperback
Oorspronkelijke releasedatum
28 december 2018
Aantal pagina's
408
Illustraties
Nee

Betrokkenen

Hoofdauteur
Luca Amorello

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Editie
Softcover reprint of the original 1st ed. 2018
Extra groot lettertype
Nee
Product breedte
148 mm
Product lengte
210 mm
Studieboek
Nee
Verpakking breedte
148 mm
Verpakking hoogte
210 mm
Verpakking lengte
210 mm
Verpakkingsgewicht
547 g

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EAN
9783030068059
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