In the communication of the European Central Bank (ECB), the statement that "we act within our mandate" is often referred to. Also among practitioners of the Eurosystem the term "mandate" has become popular. In his Working Paper, Helmut Siekmann analyzes the legal foundation of the tasks and...

[Die Gründe für die Einführung der „Schuldenbremse“] Zutreffend weist das Gutachten Waldhoff zunächst darauf hin, dass die Einführung der „Schuldenbremse“ in das deutsche Verfassungsrecht maßgebend durch die Entscheidung des Bundesverfassungsgerichts aus dem Jahre 2007 angestoßen...

[Introduction ...] The following questions which are closely related to each other but deserve a distinctively different treatment have to be answered: I. Is it legally possible for a Member State to leave the eurozone? II. May Member State introduce a new currency parallel to the euro? III. Can...

This note reviews the legal issues and concerns that are likely to play an important role in the ongoing deliberations of the Federal Constitutional Court of Germany concerning the legality of ECB government bond purchases such as those conducted in the context of its earlier Securities Market...

Die Stellungnahme befasst sich mit einem wichtigen Aspekt der Offenlegung der Bezüge von Entscheidungsträgern im Bankensektor. Komplementär zu der Diskussion um die Veröffentlichung der Vergütung von Vorstandsmitgliedern börsennotierter Unternehmen ist auch auf Landeseben versucht worden,...

The European Monetary Union euro has done very well since its initiation. Price stability has been secured and the external value of the new currency is more than satisfactory. The confidence in it is also shown by its increasing use as a global reserve currency. It has been a stabilizing factor...