European Central Banking Law

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Focusing on the evolving landscape of European central banking law, this book examines the framework governing the European Central Bank (ECB) and national central banks within the EU. It analyzes the ECB's roles as a monetary authority and banking supervisor, particularly in light of the financial crisis of 2007-2009 and the euro area's fiscal challenges. The text also addresses the ECB's involvement in resolving credit institutions and its limited capacity for last-resort lending to those facing liquidity issues, providing a thorough understanding of these critical functions.