This open access book gives a concise introduction to the practical implementation of monetary policy by modern central banks. It describes the conventional instruments used in advanced economies and the unconventional instruments that have been widely adopted since the financial crisis of...

Part I. The Definition and Evolution of European Central Banking Law -- Chapter 1. The Function of Central Banks and Definition of European Central Banking Law -- Chapter 2. The Establishment of the European System of Central Banks and the Eurosystem -- Chapter 3. The Establishment of the...

Chapter 1. Introduction -- Chapter 2. The Sovereign Crisis, its Aftermath, and How Monetary Policy has Changed -- Chapter 3. The EU’s Crisis Governance vs Populism -- Chapter 4. The Fiscal and Political Implications of the ECB’s Non-Conventional Roles -- Chapter 5. The Growing Challenge of...

Where do we stand when it comes to Sustainable Financial Markets? -- Ethical Standards beyond Monetary Policy: Approaches to a Philosophical Foundation -- Fundamental rights in the core business of the ECB: No issue?! Experience with the EU petition 429/2017 -- On the role of the ECB in...