Democratic Legitimation of Central Bank Independence in the European Union is popular PDF and ePub book, written by Cornelia Manger-Nestler in 2021-05-29, it is a fantastic choice for those who relish reading online the Law genre. Let's immerse ourselves in this engaging Law book by exploring the summary and details provided below. Remember, Democratic Legitimation of Central Bank Independence in the European Union can be Read Online from any device for your convenience.
Democratic Legitimation of Central Bank Independence in the European Union Book PDF Summary
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.
Detail Book of Democratic Legitimation of Central Bank Independence in the European Union PDF
- Author : Cornelia Manger-Nestler
- Release : 29 May 2021
- Publisher : Springer Nature
- ISBN : 9783030751159
- Genre : Law
- Total Page : 177 pages
- Language : English
- PDF File Size : 20,5 Mb
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