Central Bank Independence and the Future of the Euro (Paperback)

Central Bank Independence and the Future of the EuroAuthor(s): Panicos Demetriades\nFormat: Paperback\nPublisher: Agenda Publishing, United Kingdom\nImprint: Agenda Publishing\nISBN-13: 9781788211543, 978-1788211543\nSynopsis\nOver the past decade central banks have taken on new and expanded roles in an attempt to manage the global financial crisis. The European Central Bank (ECB) has been no exception. If anything, because of the incomplete architecture of the euro, the ECB has faced more serious challenges than either the Bank of England or the Federal Reserve. With the onset of the euro crisis, the ECB was forced to take on powers that went well beyond the conventions of standard monetary policy to prevent European Monetary Union from unravelling.\nPanicos Demetriades, former Governor of the Central Bank of Cyprus during the country's bailout in 2013, examines the role of the ECB and its adoption of these new powers, which have led to legal and political challenges, high level res.