The pending establishment of the European Economic & Monetary Union (EMU) is a cutting-edge issue on the brink of realisation. The European Central Bank (ECB) president, who will play a pivotal role in the success of EU monetary policy, has already been appointed. European Economic & Monetary Union: The Institutional Framework provides a critical & provocative insight into the preparatory & institutional aspects of the transition to the EMU, its monetary & macroeconomic policy dimensions, & in particular, the implications of the institutional design of the ECB. Topical coverage includes novel problems posed by the monetary union; a review of mechanisms in the separation between control of monetary & fiscal policy & affecting drafted financial products for use in the unprecedented monetary union; & the eventual role of the ECB in the EMU, especially in banking supervision. Based on a joint research project on the monetary union by the Centre of European Law at King's College & the London Institute of International Banking, Finance & Development Law, this work presents nineteen highly topical chapters. The authors are from varied jurisdictions & professional disciplines. Academics in banking/finance & economic law, government officials, & practitioners will appreciate the high intellectual content yet practical utility of this work on a topic poised to have a significant effect in the very near future.