scholarly journals HOW DO THE ECB MEETINGS AFFECT THE STOCK VALUATIONS OF FOUR IBEX35 BANKS?

2021 ◽  
Vol 9 (3) ◽  
pp. 308-314
Author(s):  
Samer Ajour El Zain ◽  
Albert Montero ◽  
Reza Gheshmi ◽  
Cristina Tomas Perez
Keyword(s):  
Stock Market ◽  
Central Bank ◽  
European Central Bank ◽  
Data Sets ◽  
Important Data ◽  
European Central ◽  
Stock Market Valuations ◽  
Market Valuations ◽  
The Relationship ◽  
Correlation Table

Purpose: Analyze the data and draw there were any relevant conclusions between the meetings of the central bank and the movements of the banking corporations in the stock market. Methodology: To carry out this study, it was necessary to obtain two extremely important data sets (exact dates of the ECB meetings, stock market valuations of the four banking entities understudy). Both were obtained by searching on specialized websites. Then a comparison of the variations, a correlation table, which will allow us to mathematically affirm whether there is a linear relationship and proportionality between the variations of the banks or not, were analyzed. Main Findings: The results obtained indicate that such influence on the part of the European Central Bank on the financial entities listed on the IBEX35 does not exist, since the variations between bank shares are random and maybe would be better explained by other hypotheses or inputs. Application of Study: This work discards the hypothesis proposed by the student, although it manages to find other interesting relationships between banks because of the correlation analysis carried out in the analysis part of the work. Novelty/Originality: Establish the relationship between the meetings of the central bank and the movements of the banking corporations in the stock market.

scholarly journals Denationalization: Neoliberalism after Foucault

2016 ◽  
Vol 27 (1) ◽  
pp. 171-185
Author(s):  
Marcello Barison
Keyword(s):  
European Union ◽  
Central Bank ◽  
International Monetary Fund ◽  
European Central Bank ◽  
Economic Knowledge ◽  
The European Union ◽  
European Central ◽  
Governmental Organizations ◽  
The Relationship ◽  
The International Monetary Fund

Starting from Michel Foucault?s considerations dedicated to economic knowledge (especially in Il faut d?fendre la soci?t? and Naissance de la biopolitique), this paper is about setting up a possible theoretical framework in which to situate the relationship between political power and neoliberalism as they appear in their modern articulation, analyzing in depth how international governmental organizations - such as, for example, the European Central Bank, the European Union and the International Monetary Fund - are involved in this process.

scholarly journals Blockchain Governance Challenges: Beyond Libertarianism

AJIL Unbound ◽  
2021 ◽  
Vol 115 ◽  
pp. 408-412
Author(s):  
Outi Korhonen ◽  
Juho Rantala
Keyword(s):  
United Nations ◽  
Private Sector ◽  
Central Bank ◽  
European Central Bank ◽  
European Central ◽  
Blockchain Technology ◽  
Governance Challenges ◽  
Relationship Of ◽  
The Relationship ◽  
Ideological Context

This essay considers the ideological context of blockchain technology. This technology is often celebrated for its potential for decentralization, distribution, privacy, and a lack of intermediaries and coordinators for transactions and general governance. Because of these features, blockchain technology, and, in particular, its most famous inauguration—the bitcoin blockchain—is frequently identified with libertarianism. In this essay, we argue that the ideological context of blockchain technology is much more complicated. In addition to unraveling a number of background ideologies and their role in this technology, we raise the ontological issue concerning the relationship of ideology to technology. These matters have implications for, among other things, the approach that should be taken to blockchain's governance, as well as how international lawyers may approach this “foreign”-seeming phenomenon that has its proponents from the European Central Bank to the United Nations (not, however, forgetting the private sector nor the digital underground).

2. Institutions of the Union: composition and powers

2017 ◽  
Author(s):  
Lorna Woods ◽  
Philippa Watson ◽  
Marios Costa
Keyword(s):  
European Union ◽  
Central Bank ◽  
European Central Bank ◽  
Legal Order ◽  
European Council ◽  
The European Union ◽  
Checks And Balances ◽  
European Central ◽  
Court Of Justice ◽  
The Relationship

This chapter examines the institutions within the European Union (EU), their powers and the relationship between the institutions. The main EU institutions are the European Parliament, the Council, the European Council, the Commission, the Court of Justice of the European Union, the European Central Bank and the Court of Auditors. The chapter explains that these institutions are given different powers, and that they are required to work together in order to provide the checks and balances within the Union legal order, or the so-called institutional balance.

scholarly journals Economic Constitutionalism in the EU and Germany – The German Constitutional Court, the European Court of Justice and the European Central Bank between Law and Politics

2019 ◽  
Vol 12 (3) ◽  
pp. 761-795
Author(s):  
Jürgen Bröhmer
Keyword(s):  
Central Bank ◽  
European Central Bank ◽  
European Court Of Justice ◽  
Constitutional Court ◽  
Member States ◽  
European Central ◽  
Court Of Justice ◽  
European Court ◽  
The Relationship ◽  
The Eu

Abstract The relationship between the European Union (EU) and its member states has recently been the subject of several legal proceedings in the German Federal Constitutional Court (GFCC) and the European Court of Justice. The backdrop to the underlying controversies were policies instituted by the European Central Bank (ECB) dealing with the economic and monetary situation in various member states in the context of the sovereign debt crises to influence interest rates, combat deflationary tendencies and keep inflation under but close to the ECB’s 2% inflation target. Especially so-called outright monetary transactions (OMTs) and the corresponding OMT-program and a particular high volume public sector asset purchasing program (PSPP) announced by the ECB have been controversially discussed. Legally, the controversies are about the prohibition for the ECB to finance debt held by the EU or member states (Article 123 TFEU) and about the delineation of economic policy (Article 119 et seq. TFEU), which lies in the hands of the members states, and monetary policy (Article 127 et seq. TFEU), which is exclusively in the hands of the ECB. The GFCC in its decisions propagated a restrictive approach emphasizing the role of the member states and pointing to the doctrines developed by it around ultra vires acts and so-called identity review. This paper attempts to shed some light on this controversy and argues that beyond the legal controversy lies a deeper problem of the relationship between judicial and political decision-making that the GFCC should exercise restraint in exercising its functions and remember its own doctrine of “open constitutional norms” developed in a different context but applicable here as well.

Was für eine Europäische Verfassung?

2005 ◽  
Vol 35 (139) ◽  
pp. 287-300 ◽  
Author(s):  
Étienne Balibar
Keyword(s):  
Central Bank ◽  
European Central Bank ◽  
Social Rights ◽  
European Constitution ◽  
Fundamental Level ◽  
European Central

The problem of a European Constitution is discussed at a fundamental level. In which way, can we speak about such a Constitution? Thearticle argues against the “postnational souveranism”, legitimating state against citizens. A new kind of citizenship is favoured based on extended social rights. The constitution now proposed contrarily makes the European Central Bank and its neoliberal policy to central and nearly unchangeable institution.

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