The Eurosystems Monetary Policy at 25 (1999-2023)

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Focusing on the legal framework of the Eurosystem, 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 impact of various financial crises, particularly since the 2007 Global Financial Crisis, on this framework. The work is divided into two main chapters addressing the policy's definition and its implementation during crises. The epilogue explores the relationship between monetary policy decisions and financial stability, incorporating insights from recent financial reports and events.