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Contribution to Book
Applied Monetary Policy and Bank Supervision by the ECB
International Monetary Law and Financial Law in the New Millenium (2002)
  • Mads Andenas
  • Lazaros E Panourgias
Abstract

Monetary policy and banking supervision are closely related and interdependent concepts. Monetary policy and central banking are not defined in such a manner in the Maastricht Treaty that it precludes the European Central Bank from taking on a wider responsibility for financial stability and the handling of banking crises. The article introduced the term 'macro-prudential supervision', explained as 'supervision with a view to safeguarding systemic stability', in a section with the heading 'Default Supervision of Central Banks'.

Keywords
  • macro-prudential supervision,
  • macroprudential,
  • macro prudential,
  • monetary policy,
  • banking supervision,
  • regulatory authority,
  • financial market regulation,
  • banking crisis,
  • European law
Publication Date
2002
Editor
J J Norton and M Andenas
Publisher
British Institute of International and Comparative Law
ISBN
090306796X
Citation Information
Mads Andenas and Lazaros E Panourgias. "Applied Monetary Policy and Bank Supervision by the ECB" LondonInternational Monetary Law and Financial Law in the New Millenium (2002)
Available at: http://works.bepress.com/mads_andenas/2/