The European Central Bank (ECB) is a central bank whose array of functions and jurisdictional domain are determined by a Treaty instrument, the Maastricht Treaty. Following the adoption of the Lisbon Treaty, the treaty governing the ECB is now the Treaty for the Functioning of the European Union...

This paper analyses in depth the law of European Economic and Monetary Union, as well as its history, trends and prospects. It is divided into seven sections. Section 1 is the introduction; it deals with the history of monetary union in Europe and outlines some basic concepts. Section 2...

We analyse the first twenty years of the euro both from an economic and an institutional perspective. We find that in particular during the period since the financial crisis, convergence as measured by a variety of indicators has not improved. Design flaws in the Eurozone institutional...