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Vol 21 No 9 Sept/Oct 2016

Book of the Month

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Goode on Commercial Law

Edited by: Ewan McKendrick
Price: £170.00

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The Law of the European Central Bank

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ISBN13: 9781841132457
ISBN: 1841132454
Published: October 2001
Publisher: Hart Publishing
Country of Publication: UK
Format: Hardback
Price: £86.00

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Since 1 January 1999, the European Central Bank (ECB) has borne responsibility for the euro, the single currency now adopted in 12 of the 15 Member States of the European Union. This responsibility not only fundamentally changes economic parameters, but also has important legal implications. Like the single currency itself, the ECB is a creation of law, more specifically of EC law. It is thus the first central bank in the world to be wholly governed by a set of supranational rules. This work offers an in-depth analysis of this unique organization and aims to promote a better understanding among academics and practitioners of the tasks and activities of the ECB.

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EU Law
Part 1 What is the European Central Bank?: the organizational structure of today's European Union; the place of the ECB inside the European Union; practical consequences of the new constitutional balance inside the European Union; a democratic deficit?; conclusion.
Part 2 Who governs the European system of Central Banks?: the organizational structure of the ESCB; the legal position of the national central banks - national authorities or ECB agents?; the principle of ""system integrity""; conclusion.
Part 3 The making and implementation of ECB law: the making of ECB law; the implementation of ECB law; conclusion.
Part 4 The European Central Bank and differentiated integration: member states in different legal positions ""vis-?-vis"" the single currency; the impact of differentiated integration on the system of community law; the impact of differentiated integration on the law of the ECB; conclusion.
Part 5 The European Central Bank in international relations: the actors in the external relations of the ""euro area""; the division of external competences in economic and monetary union; external representation of the ""euro area"" in international organizations; legal remedies; conclusion; a final word.