The European Central Bank (ECB) administers monetary policy for the
eurozone and is tasked with maintaining price stability by keeping
inflation below 2 per cent. This brief mandate belies the
complexity of managing the monetary policy for the 19 member states
of the euro, not to mention the political implications thereof.
This short book sets out the history, development and day-to-day
workings of a key institutional pillar of the European Union. It
assesses its work, independence, the policies and instruments at
its disposal and the evolution of its role during the eurozone
crisis of 2010. This is a welcome and succinct overview for
students and researchers looking for an accessible introduction to
the role and operation of the ECB.
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