Explains the functioning of the monetary and financial system in the euro area from a policy perspective, taking into account the profound changes following the financial crisis

Easily accessible introductory textbook, based on professional practical experience and observations, instead of models or formulas

Comprehensive coverage of monetary policy, banking supervision and financial stability in the euro area, including separate chapters on the monetary and financial system, the financial crisis and the interaction of the three policy areas

Autorentext

Maximilian Fandl is a Financial Stability Expert at the European Central Bank (ECB). Previously, he held positions at the Austrian Central Bank and an Austrian banking group. In addition, he participated in missions for the International Monetary Fund (IMF) and gave classes in international macroeconomics to undergraduate students. He holds the CFA Charter, master degrees in business administration and economics, and a doctorate in economics from the Vienna University of Economics and Business.

Inhalt
The Monetary and Financial System.- Monetary Policy.- The Financial Crisis in the Euro Area.- Banking Supervision.- Financial Stability.- Policy Interaction.- Appendix.