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A Legal Approach to Monetary Policy

  • Luca Amorello
Chapter

Abstract

Amorello explores what is deemed for monetary policy, especially with regard to the main components of the EU monetary policy framework within their legal boundaries. The basic rationale is to provide instruments necessary to discuss the institutional construction of the Eurozone and highlight the existing interaction with the macroprudential supervisory framework. For this purpose, Amorello explores the contemporary economic developments in monetary policy, discussing the critical objectives and the main findings of contemporary central banking practice. A legal analysis of monetary policy then explores the economic interactions between law and monetary policy channels, considering also the major components of an effective monetary supervisory framework.

Keywords

Monetary policy EU Macroprudential supervisory framework Banking practice Legal boundaries 

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Luca Amorello
    • 1
  1. 1.Cleary Gottlieb Steen & Hamilton LLPLondonUK

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