This textbook provides a comprehensive overview of monetary policy,
banking supervision and financial stability in the euro area. The
author uses his professional experience in central banking to
provide a thorough understanding of European economics and to
explore how the monetary and financial system functions. The book
takes into account the profound changes that resulted from crisis
developments in recent years, such as the implementation of
quantitative easing or the establishment of the Single Supervisory
Mechanism (SSM). The author also invites readers to develop their
thoughts on alternative policies to shape the monetary and
financial system of the future. The textbook is tailor-made for
intermediate courses in economics but will also appeal to those
preparing a career in central banking or financial regulation.
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