The Eurosystems Monetary Policy at 25 (1999-2023)

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Focusing on the legal framework, this study analyzes the definition and implementation of the single monetary policy in the euro area over its first twenty-five years. It examines the Eurosystem's establishment in 1999 and its evolution through various financial crises, particularly since the 2007 Global Financial Crisis. The work is divided into two main chapters addressing the policy's definition and its crisis implementation, with an epilogue discussing the relationship between monetary policy decisions and financial stability, incorporating insights from recent banking turmoil.