The present paper contains a brief presentation and analysis, in a historical perspective through the lens of the recent major crises, of the legal framework governing the European Economic and Monetary Union (EMU), as well as current developments and challenges ahead. It is structured in three...

Acknowledgements -- Introduction -- The practice of macroprudential policy -- Preliminaries -- The design of macroprudential policy -- The institutions of macroprudential policy -- The instruments of macroprudential policy -- The conduct of macroprudential policy -- The theory of macroprudential...