The European Central Bank and Green Interaction. The Role of Christine Lagarde


Seminar Paper, 2020

41 Pages, Grade: 1,3


Excerpt


Table of Contents

A. Introduction: Are environmental considerations part of the ECB’s mandate?

B. Green interaction and price stability
I. Institutional ECB law
II. Economic theory behind price stability
III. Objectives of the ECB
1. Price stability, Art. 127 para. 1 sentence 1 TFEU
2. Support of general economic policy, Art. 127 para. 1 sentence 2 TFEU
a) Preliminaries
b) Distinction between monetary and economic policy
c) Application of the principle of proportionality
3. Principles underlying the objectives, Art. 127 para. 1 sentence 3 TFEU
4. Practical example
IV. Programmes of the ECB
1. Outright Monetary Transactions
2. Asset Purchase Programmes
a) Preliminaries
b) Risks of the APP
c) APPs in operation
V. Areas of green interaction to be conducted by the ECB
1. Preliminaries
2. Advisory powers, Art. 4 and 6 ECB Statute
3. Financial stability and prudential supervision
4. Purchase of green bonds
a) Purchase of green bonds within existing APPs
b) New Green Bond Purchase Programme
5. Green money printing
6. Excursus: Regulation (EU) 2020/852 - Taxonomy
VI. Comparison with other central banks
1. Preliminaries
2. Bank of England
3. The People’s Bank of China

C. Conclusion: Christine Lagarde intra vires!

Excerpt out of 41 pages

Details

Title
The European Central Bank and Green Interaction. The Role of Christine Lagarde
College
Carl von Ossietzky University of Oldenburg
Grade
1,3
Authors
Year
2020
Pages
41
Catalog Number
V1011962
ISBN (eBook)
9783346410504
ISBN (Book)
9783346410511
Language
English
Notes
Es handelt sich hierbei um eine interdisziplinäre Arbeit, welche sowohl die ökonomischen als auch die rechtlichen Perspektive betrachtet.
Keywords
EZB, Geldpolitik, Klimaschutz, climate change, green monetary policy, European Grenn Deal, Christine Lagarde
Quote paper
Hanif Rahimy (Author)Christian Daniel Hein (Author), 2020, The European Central Bank and Green Interaction. The Role of Christine Lagarde, Munich, GRIN Verlag, https://www.grin.com/document/1011962

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