Introduction -- The sovereign-banks Nexus : an economic analysis -- The European sovereign debt crisis as a source of case studies -- An economic analysis of policy options -- Closing the first channel of contagion from banks to sovereigns : Hitherto European actions and their critique --...

This study seeks to shed light on the interpretation and application of Article 14.4 of the Statute, de lege lata, and to offer an initial evaluation of the case for a possible future reallocation of certain NCB tasks. It is divided into 4 sections. Section 1 introduces the ‘other' national...

This paper summarises the outcome of an analysis of stablecoins undertaken by the ECB Crypto-Assets Task Force. At the time of writing, the stablecoin debate lacks a common taxonomy and unambiguous terminology. This paper applies a definition that distinguishes stablecoins from existing forms of...

This paper examines the issues of secession and expulsion from the European Union (EU) and Economic and Monetary Union (EMU). It concludes that negotiated withdrawal from the EU would not be legally impossible even prior to the ratification of the Lisbon Treaty, and that unilateral withdrawal...