Monetary and Financial Policy in the Euro Area: An Introduction

This textbook provides a comprehensive overview of monetary policy, banking supervision, and financial stability in the euro area, with a focus on recent crisis developments and alternative policies. It is tailored for intermediate courses in economics and is suitable for those preparing a career in central banking or financial regulation.

Format: Hardback
Length: 179 pages
Publication date: 11 June 2018
Publisher: Springer International Publishing AG

This comprehensive textbook offers a thorough exploration of monetary policy, banking supervision, and financial stability within the euro area. Drawing upon the author's extensive experience in central banking, it provides a deep understanding of European economics and the functioning of the monetary and financial system. The book takes into account the significant transformations brought about by recent crisis developments, such as the implementation of quantitative easing and the establishment of the Single Supervisory Mechanism (SSM). Additionally, it encourages readers to engage in critical thinking by proposing alternative policies that can shape the future of the monetary and financial system. Designed for intermediate courses in economics, this textbook is also valuable for individuals aspiring to careers in central banking or financial regulation.

Introduction:
The euro area faces unique challenges in maintaining financial stability and promoting economic growth. This textbook aims to provide a comprehensive overview of monetary policy, banking supervision, and financial stability in the region. By examining the policies and institutions that govern the euro area's monetary and financial system, it seeks to shed light on the factors that contribute to economic volatility and identify potential solutions to address these challenges.

Chapter 1: Monetary Policy in the Euro Area:
In this chapter, the author discusses the role of the European Central Bank (ECB) as the central bank of the euro area. The ECB's primary objective is to maintain price stability within the euro zone, which is achieved through a combination of monetary policy instruments such as interest rates, quantitative easing, and liquidity management. The chapter also explores the challenges faced by the ECB in implementing monetary policy, including the need to balance economic growth with inflationary pressures and the impact of external factors such as global trade and geopolitical events.

Chapter 2: Banking Supervision in the Euro Area:
Banking supervision is a critical component of financial stability in the euro area. The chapter discusses the role of the European Banking Authority (EBA) and the European Systemic Risk Board (ESRB) in monitoring and regulating the financial sector. It highlights the importance of sound banking practices, risk management, and the need for a robust regulatory framework to prevent financial crises. The chapter also examines the recent reforms in banking supervision, such as the Basel III framework, and their implications for banks and financial institutions.

Chapter 3: Financial Stability in the Euro Area:
Financial stability is a key concern for the euro area, as the region is interconnected with the global financial system. The chapter discusses the factors that contribute to financial stability, including macroeconomic imbalances, market volatility, and the impact of external shocks. It also explores the tools and policies used by the euro area's authorities to maintain financial stability, such as fiscal policies, macroprudential regulations, and crisis management mechanisms.

Chapter 4: Alternative Policies for Shaping the Monetary and Financial System:
The chapter examines alternative policies that can be used to shape the monetary and financial system of the future. It discusses the role of central banks, such as the ECB and the Federal Reserve, in promoting financial stability and economic growth. It also explores the role of financial regulation system regulation, such as the Dodd-Frank Act and the Volcker Rule
This comprehensive textbook offers a thorough exploration of monetary policy, banking supervision Act and the Volcker Rule, in promoting financial stability and economic growth. It discusses the role of central banks, such as the ECB and the Federal Reserve, in promoting financial stability and economic growth. It also explores the role of financial system regulation, such as the Dodd-Frank Act and the Volcker Rule. Rule, in promoting financial stability and economic growth. It discusses the role of central banks, such as the ECB and the Federal Reserve, in promoting financial stability and economic growth. It also explores the role of financial system.

Weight: 462g
Dimension: 237 x 162 x 17 (mm)
ISBN-13: 9783319726427
Edition number: 1st ed. 2018