The new European Central Bank: Taking stock and looking ahead

• Robert Schuman Centre for Advanced Studies
• FBF: Florence School of Banking and Finance

This event will launch a collection of contributions written by leading academics and practitioners, offering a retrospective and prospective account of the European Central Bank (ECB) and charting its evolution.

The ECB was first introduced in the European legal order on the occasion of the Treaty of Maastricht (1992). An official EU institution which is governed by EU law, the ECB of modern times differs vastly from its inception in 1998, which manifests in three main ways: monetary policy options, consideration of concerns other than low inflation in its policy-making, and its role in the Banking Union.

The essays cover the substantive changes to monetary policy introduced by the ECB as a consequence of the financial and sovereign debt crisis, the new roles that the ECB has been called upon to play, and the transformations to inter- and intra-institutional relations.

The authors analyse the most salient and controversial elements of the ECB's crisis response, including unconventional monetary policy measures and the ECB's risk management strategy. Beyond monetary policy, the book further examines the role played by objectives such as financial stability and environmental sustainability, the ECB's relationship to the Lender of Last Resort function, as well as its new responsibilities in the Banking Union.

The event will be in hybrid format and can be followed online through the link received after the registration.

The link to the Webinar will be provided following registration.