Matthias Mayer
Die Verteilung von Verlusten aus der Offenmarktpolitik des Eurosystems
Kompetenzielle Grundlagen und unionsrechtliche Grenzen
[The Allocation of Losses from the Eurosystem's Open Market Policy. Competence Bases and Limits under Union Law.]
2022. 461 pages. Price for libraries
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Summary
The Eurosystem faces increased financial risks as a result of its unconventional monetary policy. Given its particular institutional design as a system of central banks, the European legal framework for the European Central Bank's decision on the distribution of losses between the various central banks is examined in this study.