Libro Democratic Legitimation of Central Bank Independence in the European Union De Manger-Nestler, Cornelia ; Gentzsch, Markus

portada Democratic Legitimation of Central Bank Independence in the European Union

Formato

Libro Físico

Autor

Cornelia Manger-Nestler

Markus Gentzsch

Editorial

Springer

Idioma

Inglés

N° páginas

167

Encuadernación

Tapa Blanda

Dimensiones

23.4 x 15.6 x 1.0 cm

Peso

0.27 kg.

ISBN13

9783030751173

Categorías

Europa
Política y gobierno
Industria del sector servicios
Derecho internacional

Democratic Legitimation of Central Bank Independence in the European Union

Cornelia Manger-Nestler (Autor) · Markus Gentzsch (Autor) · Springer · Tapa Blanda

Sin Stock

Reseña del libro "Democratic Legitimation of Central Bank Independence in the European Union"

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.