Karlsruhe Deserves Recognition — On the PSPP Ruling of the Federal Constitutional Court of 5 May 2020

Karlsruhe Deserves Recognition — On the PSPP Ruling of the Federal Constitutional Court of 5 May 2020

Abstract On 5 May 2020, the Federal Constitutional Court (FCC) of Germany ruled that the European Central Bank had overstretched its mandate because its Public Sector Purchase Programme (PSPP) lacked a transparent proportionality analysis. Our author argues that the FCC decision is mild, given the h...

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Main Author: Martin Höpner
Format: Article
Language:deu
Published: Springer 2020-07-01
Series:Wirtschaftsdienst
Online Access:https://doi.org/10.1007/s10273-020-2678-3
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spelling doaj-8bcb7f365a7844f596ff8cefee03593e2021-07-11T11:36:29ZdeuSpringerWirtschaftsdienst0043-62751613-978X2020-07-01100644144510.1007/s10273-020-2678-3Karlsruhe Deserves Recognition — On the PSPP Ruling of the Federal Constitutional Court of 5 May 2020Martin Höpner0Max-Planck-Institut für GesellschaftsforschungAbstract On 5 May 2020, the Federal Constitutional Court (FCC) of Germany ruled that the European Central Bank had overstretched its mandate because its Public Sector Purchase Programme (PSPP) lacked a transparent proportionality analysis. Our author argues that the FCC decision is mild, given the huge discrepancy between the foundations laid in the treaties and the actual monetary operations.https://doi.org/10.1007/s10273-020-2678-3
collection DOAJ
language deu
format Article
sources DOAJ
author Martin Höpner
spellingShingle Martin Höpner
Karlsruhe Deserves Recognition — On the PSPP Ruling of the Federal Constitutional Court of 5 May 2020
Wirtschaftsdienst
author_facet Martin Höpner
author_sort Martin Höpner
title Karlsruhe Deserves Recognition — On the PSPP Ruling of the Federal Constitutional Court of 5 May 2020
title_short Karlsruhe Deserves Recognition — On the PSPP Ruling of the Federal Constitutional Court of 5 May 2020
title_full Karlsruhe Deserves Recognition — On the PSPP Ruling of the Federal Constitutional Court of 5 May 2020
title_fullStr Karlsruhe Deserves Recognition — On the PSPP Ruling of the Federal Constitutional Court of 5 May 2020
title_full_unstemmed Karlsruhe Deserves Recognition — On the PSPP Ruling of the Federal Constitutional Court of 5 May 2020
title_sort karlsruhe deserves recognition — on the pspp ruling of the federal constitutional court of 5 may 2020
publisher Springer
series Wirtschaftsdienst
issn 0043-6275
1613-978X
publishDate 2020-07-01
description Abstract On 5 May 2020, the Federal Constitutional Court (FCC) of Germany ruled that the European Central Bank had overstretched its mandate because its Public Sector Purchase Programme (PSPP) lacked a transparent proportionality analysis. Our author argues that the FCC decision is mild, given the huge discrepancy between the foundations laid in the treaties and the actual monetary operations.
url https://doi.org/10.1007/s10273-020-2678-3
work_keys_str_mv AT martinhopner karlsruhedeservesrecognitiononthepspprulingofthefederalconstitutionalcourtof5may2020
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