From Karlsruhe, with love? questioning the constitutionality of unconventional monetary policy

Michael Wilkinson

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: Does the European Central Bank (ECB) have a mandate to do ‘whatever it takes’ to save the Euro? Not according to the German Constitutional Court, which in February this year delivered its judgment from Karlsruhe on the ECB’s Outright Monetary Transactions programme (OMT). Will the European Court of Justice concur, or will it attempt to resist the might of the most powerful domestic Court in Europe?

JEL-codes: F3 G3 (search for similar items in EconPapers)
Pages: 3 pages
Date: 2014-06
New Economics Papers: this item is included in nep-mon
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