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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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    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.


    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


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