CHIARA ZILIOLI AND MARTIN SELMAYR, THE LAW OF THE EUROPEAN CENTRAL BANK


10 Colum. J. Eur. L. 411 (2004)

Blaine Evanson.

In The Law of the European Central Bank, Chiara Zilioli and Martin Selmayr attempt to explain and emphasize what they call the sui generis nature of the European Central Bank (ECB) and its interaction with the national central banks(NCBs) within the European System of Central Banks (ESCB). Much of the book details the background of the European Union and its pillars as established by the EC treaty; the authors explain the authority structure both inside the ECB and its relation to other EC entities. Ultimately, the overarching theme is that the ECB is a brand new construction designed to cater to the idea of the EU and the need to have a truly transnational bank.