Insolvenz- und Restrukturierungsrecht für EZB und Bundesbank?
Ein neues Krisenbewältigungsverfahren zur Sicherung der Preisstabilität
Nomos, 1. Edition 2024, 285 Pages
The product is part of the series
Schriften zur Restrukturierung
Description
This paper proposes a new procedure for the Eurosystem as crisis law to achieve the price stability target in a better and safer way. To this end, the procedure is initiated in the event of high inflation rates. As a last resort, it envisages the Bank for International Settlements (BIS) as administrator in order to avert the danger of hyperinflation. The transfer of insolvency and restructuring law procedures is not an option for overcoming or preventing the inflation problem because the euro area central banks can function in principle despite negative equity (e.g. as a result of a sharp downfall in government bond prices) and can provide themselves with their own liquidity due to their ability to create money.
Bibliographical data
Edition | 1 |
---|---|
ISBN | 978-3-7560-0929-9 |
Subtitle | Ein neues Krisenbewältigungsverfahren zur Sicherung der Preisstabilität |
Publication Date | Aug 1, 2024 |
Year of Publication | 2024 |
Publisher | Nomos |
Format | Softcover |
Language | deutsch |
Pages | 285 |
Medium | Book |
Product Type | Scientific literature |
Additional material
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