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    Accountability and the ECB

    Sibert, Anne (2009) Accountability and the ECB. Other. European Policy Department A: Economic and Scientific Policies, Brussels, Belgium.

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    Abstract

    In a democracy, it is only acceptable to delegate power to an independent institution if that institution has legitimacy. Both formal and substantive accountability can create legitimacy. The ECB’s extraordinary degree of independence precludes it from being substantively accountable; hence, to have legitimacy it must be formally accountable.

    Metadata

    Item Type: Monograph (Other)
    Additional Information: Briefing Paper
    School: Birkbeck Schools and Departments > School of Business, Economics & Informatics > Economics, Mathematics and Statistics
    Depositing User: Administrator
    Date Deposited: 01 Oct 2010 12:52
    Last Modified: 03 Jun 2013 07:12
    URI: http://eprints.bbk.ac.uk/id/eprint/1249

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