The various roles of the ECB in the new EMU architecture : monetary dialogue, September 2013

The five briefing papers included in this compilation assess and comments on the ECB's new responsibilities as a supervisory authority. The papers examine the overall position of the ECB and the various roles of the ECB in the new institutional framework as well as its relationship with other bodies in terms of institutional design. In the context, the papers assess synergies, overlaps as well as the risks of possible conflicts of interest between ECB's different roles and among institutions, including the positive and negative externalities that the new tasks may generate in relation to ECB's key mandate for price stability.