European economic and monetary union: the institutional framwork

The pending establishment of the European Economic and Monetary Union (EMU) is a cutting-edge issue on the brink of realisation. The European Central Bank (ECB) president, who will play a pivotal role in the success of EU montary poilcy, has already been appointed. European Economic and Monetary Union: The Institutional Framework provides a critical and provocative insight into the preparatory and institutional aspects of the transistion to the EMU, its monetary and macroeconomic policy dimensions, and in particular, the implications of the institutional design of the ECB. Topical coverage includes novel problems posed by the monetary union; a review of mechanisms in the separation between control of monetary and fiscal policy and affecting drafed financial products for use in the unprecedented monetary union; and the eventual role of the ECB in the EMU, especially in banking supervision. Based on a joint research project on the monetary union by the Centre of European Law at King's College and the London Institute of International Banking, Finance and Development Law, this work presents nineteen highly topical chapters. The authors are from varied jurisdictions and professional disciplines. Academics in banking/finance and economic law, government officials, and practitioners will appreciate the high intellectual content yet practical utility of this work on a topic poised to have a significant effect in the very near future.