The New European Central Bank: Taking Stock and Looking Ahead

Giorgio Monti, Professor of Competition Law, Tilburg Law School,Diane Fromage, Marie SkÅodowska-Curie Individual Fellow, Law School, Sciences Po, Paris, France,Thomas Beukers, Senior Legal Advisor, Directie Juridische Zaken

Thomas Beukers is a Senior Legal Advisor at the Dutch Ministry of Foreign Affairs and editor of the European Constitutional Law Review. His research includes the relationship between law and politics, the constitutional law of the European Union, and the constitutional development of the European
Union, and Economic and Monetary Union.


Diane Fromage has been a Marie Sk?odowska-Curie Individual Fellow at Sciences Po Paris (Law School, IMPACTEBU Project) since September 2020. Her research focuses mostly on the Economic and Monetary Union and the Banking Union especially and on parliaments in the European Union.


Giorgio Monti is Professor of Competition Law at Tilburg Law School. He is joint editor of the Common Market Law Review. His research is in the fields of competition law and European Union Law.

1. Introduction: the 'new' European Central Bank, Thomas Beukers, Diane Fromage and Giorgio Monti
The ECB's response to the financial and sovereign debt crisis: Unconventional monetary policy and the lender of last resort function
2. The transformation of the ECB in sovereign bond markets, Vestert Borger
3. The ECB's unconventional quantitative easing is turning to conventional monetary policy, Klaus Tuori
4. The ECB's collateral framework from the 1990s till the present, Jens van 't Klooster
Moving beyond monetary policy: The ECB, financial stability, economic integration and the (future of the) Banking Union
5. The ECB and financial stability, Agnieszka Smole?ska and Thomas Beukers
6. The ECB and economic integration, Jonathan Bauerschmidt
7. The ECB's role in the European Banking Union, Kern Alexander
8. The relationship between the ECB and theNational competent authorities in the single supervisory mechanism: Problems and perspectives, Federico Della Negra and Gianni Lo Schiavo
9. The role of the ECB in the international arena and the external dimension of EMU: a 'new' ECB within a crippled legal framework?, Florin Coman-Kund
Institutional setting: the ECB's 'institutional logic' and its relationship with governments, courts and parliaments
10. The independence of the ECB: Justification, challenges and possible threats, Alexander Thiele
11. The legitimacy and accountability of the ECB at the age of twenty, Fabian Amtenbrink and Menelaos Markakis
12. The ECB and the Court of Justice: Old toolbox, new problems, Takis Tridimas
13. Assessing and (re-)situating today's ECB in the EU's institutional landscape, Diane Fromage
14. The ECB in the new normal: Organizing fiscal support for monetary policy, Ad van Riet
A contextual analysis of the ECB
15. The ECB mandate - a comparative constitutional perspective, Christy-Ann Petit
16. The Role of Constitutional Law for the ECB: Past, Present and Future, Marijn van der Sluis
17. The ECB's E-ROAD ahead, René Smits