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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Official URL: http://www.europarl.europa.eu/activities/committee...

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 Faculties and Schools > Faculty of Business and Law > Birkbeck Business School
Depositing User:	Administrator
Date Deposited:	01 Oct 2010 12:52
Last Modified:	02 Aug 2023 16:49
URI:	https://eprints.bbk.ac.uk/id/eprint/1249

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