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  6. European Central Bank: Security, Sustain ...

Journal of Security and Sustainability Issues

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European Central Bank: Security, Sustainable and Efficient Aspects
Volume 10, Issue 2 (2020), pp. 405–412
Mykola Sidak   Edita Hajnišová   Michal Fabus  

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https://doi.org/10.9770/jssi.2020.10.2(3)
Pub. online: 30 December 2020      Type: Article      Open accessOpen Access

Published
30 December 2020

Abstract

The sustainable, adequate, security and efficient operation of a central bank depends on many internal and external factors. New trends, challenges, and threats (which are associated with European integration, globalization, etc.) affect the sustainable, efficient, and security operations of the ECB, which can lead to economic or financial crises. Therefore, in the current situation, the concept of the Central Bank’s activities, its legal status and the institution of monetary policy should change completely. The purpose of this research was as follows: 1) to determine economic and legal aspects of sustainable, efficient and safe operation of the ECB, with a reflection on innovation and analysis of modern de lege lata trends to ensure sustainable development of the EU, 2) to prepare conclusions and to identify positive and negative aspects that affect the activities of the Central Bank, 3) on the basis of scientific and practical de lege lata research and its application, to develop de lege ferenda to improve the activities of the European System of Central Banks, the European Central Bank, national central banks and other institutions of the European Union.

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Keywords
European Central Bank European System of Central Banks security sustainability monetary policy banking supervision EBA ESMA ESFS

JEL
E52 G21 K22

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Generolo Jono Žemaičio Lietuvos karo akademija Šilo g. 5A., LT-10322 Vilnius, el.p: lka@mil.lt

General Jonas Žemaitis Military Academy of Lithuania  Šilo Str. 5A, LT-10322 Vilnius, Lithuania, e-mail: lka@mil.lt

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