ZEuS Zeitschrift für Europarechtliche Studien

The aim of this paper is first to elucidate the concept of monetary sovereignty to establish its pivotal significance to the thematic framework of Central Bank Digital Currencies (CBDC). Building upon this analysis, three global players, each with...

This article compares the availability of judicial review in principle and practice for the European Central Bank (ECB) and the US Federal Reserve (the Fed). The central focus is on these two central banks as monetary policymakers, leaving aside...

Since the monetary policy strategy of the European Central Bank (ECB) is not mentioned in the Treaties of the European Union (EU), questions arise regarding its legal nature, its legal effects, and the possibilities of its implementation. Therefore,...

The contribution revisits the three landmark decisions of the European Court of Justice in Pringle, Gauweiler and Others, and Weiss and Others that mainly address the delineation of monetary and economic policy in the European Economic and Monetary...

Asset purchase programmes and LTROs are powerful monetary policy instruments in the ECB’s toolkit to provide structural liquidity. They are also apt to be designed in a targeted manner to address secondary policy objectives – as it is currently...

With regard to the preceding destabilizing actions of Russia against Ukraine, the EU had already taken measures in 2014 by enforcing the Council Regulations (EU) 269/2014 and 833/2014. However, since the invasion of Russia in Ukraine in the...

To fight off the inflationary wave that followed the Covid pandemic, the European Central Bank (ECB) has gradually increased the interests earned by banks on their excess liquidity. These interest rate hikes have resulted in temporary but...