ΒΑΣΙΚΟ ΕΓΧΕΙΡΙΔΙΟ ΚΕΝΤΡΙΚΗΣ ΤΡΑΠΕΖΙΚΗΣ

Basic Handbook for Central Banking Nikolaos K. Malamas Ph.D. Candidate in Constitutional Law at Law School of N.K.U.A. LL.M. in Financial Regulation at Law School of N.K.U.A., Attorney at Law ISBN 978-960-654-579-5 Abstract: This handbook analyses the basic characteristics of Central Banks around the world. Firstly, it describes their main functions as Banks of Issue, Banks of Banks andBanksofStates.Moreover,greatemphasis isgiventotheempirical factthatCen- tral Banks can achieve their goal of monetary stability only if they are independent vis-à-vis government and other political institutions. Additionally, it is underlined that independence cannot be considered without accountability; these two con- cepts are highly interrelated in themodernwestern Democracies. A large part of this handbook is devoted to a thorough and comprehensive analysis of variables and criteria suggested by legal researchers and economists in international theory for measuring the degree of central bank independence and accountability, in parallel with reference to relevant case law examples. A special section of this handbook re- fers to the Bank of Greece mentioning historical events that affected its institutional role, mission, duties and independence, which was safeguarded in the post Maas- tricht era. COPYRIGHT All rights reserved. No part of this publicationmay be reproduced, stored in a retriev- al system, or transmitted, in any form or by any means, without the prior permis- sion of NOMIKI BIBLIOTHIKI S.A., or as expressly permitted by law or under the terms agreed with the appropriate reprographic rights organization. Enquiries concerning reproduction which may not be covered by the above should be addressed to NO- MIKI BIBLIOTHIKI S.A. at the address below. DISCLAIMER The content of this work is intended for information purposes only and should not be treated as legal advice.The publication is necessarily of a general nature; NOMIKI BIBLIOTHIKI, the author and the contributors make no claim as to the comprehen- siveness or accuracy of the information provided; Information is not offered for the purpose of providing individualized legal advice. Professional advice should there- fore be sought before any action is undertaken based on this publication. Use of this work does not create an attorney-client or any other relationship between the user and NOMIKI BIBLIOTHIKI, or the author, or the rest of contributors. Also available at: www. qualex .gr 23 Mavromichali str. | 106 80 | Athens | Greece T +30 210 3678 800  |  F +30 210 3678 819 www.nb.org  |  info@nb.org © 2022, NOMIKI BIBLIOTHIKI S.A. LawPublishers inEurope