stability
The European Central Bank and the interaction between its two mandates: monetary policy of the Euro and banking supervision (by Pieterjan Heynen)
The European Central Bank (ECB) is responsible for both price stability and financial stability. The former is aimed at controlling inflation to maintain a stable Euro, whereas the latter is concerned with the financial health of the largest banks of the Eurozone. To a large extent, these competences go hand in hand. However, there are…
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