Electronic Resource

Democratic Legitimation of Central Bank Independence in the European Union

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Penilaian

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This short monograph examines the tense relationship between central bank independence and democratic legitimation, which has changed as the European Central Bank (ECB) has been entrusted with new tasks and faced unprecedented challenges. The financial and sovereign debt crisis, in particular, has affected the ECB's position within the Economic and Monetary Union without substantial changes in the Union's legal framework. However, the evolution of an institution primarily obligated to maintain price stability into an actor involved in sustaining financial stability, performing banking supervision and supporting economic policy raises the question of whether the high level of autonomy granted to the ECB is justified with regard to the principle of democracy that demands adequate accountability and control.

This book identifies requirements for the democratic legitimation of central bank action in relation to specific tasks. Further, it analyses other scales of independence encountered in EU law in order to allow readers to gain a better conceptual understanding of central bank independence.

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Availability

Inventory Code	Barcode	Call Number	Location	Status
2108000064	EB0005452	342.4 Man d	Central Library (OPAC)	Available

Detail Information

Series Title

-

Call Number

342.4 Man d

Publisher

Switzerland : Springer Cham., 2021

Collation

xiv, 167p.:Ill

Language

English

ISBN/ISSN

978-3-030-75115-9

Classification

342.4

Content Type

Ebook

Media Type

-

Carrier Type

online resource

Edition

1

Subject(s)

Law---European

Specific Detail Info

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Statement of Responsibility

BRF

Other version/related

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