Monetary and Financial Policy in the Euro Area, 1st ed. 2018 An Introduction Springer Texts in Business and Economics Series

This textbook provides a comprehensive overview of monetary policy, banking supervision and financial stability in the euro area. The author uses his professional experience in central banking to provide a thorough understanding of European economics and to explore how the monetary and financial system functions. The book takes into account the profound changes that resulted from crisis developments in recent years, such as the implementation of quantitative easing or the establishment of the Single Supervisory Mechanism (SSM). The author also invites readers to develop their thoughts on alternative policies to shape the monetary and financial system of the future. The textbook is tailor-made for intermediate courses in economics but will also appeal to those preparing a career in central banking or financial regulation. 

Maximilian Fandl is a Financial Stability Expert at the European Central Bank (ECB). Previously, he held positions at the Austrian Central Bank and an Austrian banking group. In addition, he participated in missions for the International Monetary Fund (IMF) and gave classes in international macroeconomics to undergraduate students. He holds the CFA Charter, master degrees in business administration and economics, and a doctorate in economics from the Vienna University of Economics and Business.

Explains the functioning of the monetary and financial system in the euro area from a policy perspective, taking into account the profound changes following the financial crisis

Easily accessible introductory textbook, based on professional practical experience and observations, instead of models or formulas

Comprehensive coverage of monetary policy, banking supervision and financial stability in the euro area, including separate chapters on the monetary and financial system, the financial crisis and the interaction of the three policy areas