Reference : Monetary Policy and the Euro Area Governance in the EMU
Parts of books : Contribution to collective works
Law, criminology & political science : European & international law
Law / European Law
Monetary Policy and the Euro Area Governance in the EMU
Hofmann, Herwig mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Law Research Unit >]
Specialised Administrative law of the European Union
Hofmann, Herwig mailto
Oxford University Pressq
[en] Economic and Monetary Union ; governance
[en] whose currency is the euro’ (EMU, Article 3(4) TEU). The EMU’s two polices – the economic union and the monetary union - are an unequal set of twins. On one hand, the monetary union’s central elements are well-developed: as an element of substance, the introduction of the euro as a single currency; as an institutional achievement, the creation of the European System of Central Banks (ESCB) together with the European Central Bank (ECB) on the EU level as a highly independent body having the power to adopt a diverse range of measures. Additionally, the Treaties contain specific provisions on the goals and principles of monetary policy.

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