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This brief assesses the experiences of Europe's policy regime in the two years since the introduction of the euro in 1999, particularly the performance of the European Central Bank (ECB), the institution in charge of conducting monetary policy for the euro area. Conventional accounts of European...
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Contrary to German chancellor Angela Merkel's recent claim, the euro crisis is not nearly over but remains unresolved, leaving the eurozone extraordinarily vulnerable to renewed stresses. In fact, as the reforms agreed to so far have failed to turn the flawed and dysfunctional euro regime into a...
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macro-prudential oversight in the EU. Second, various national and EU authorities have responsibility for the implementation …. Second, the ESRB remains the only EU-wide body in charge of macro-prudential supervision, responsible for all financial …
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