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Título:
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The independence of the ECB: justification, limitations and possible threats
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Autor/a:
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Thiele, Alexander
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Abstract:
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The paper first takes a brief look at the economic and judicial justification for the
independent status of central banks in general and will thereby also illustrate the different
manifestations of independence that need to be distinguished. Recent developments will
then form the initial point for a detailed analysis of the concrete range of the ECB’s
independence. This analysis will end with a positive conclusion. Until today its
independent status has not been violated by any of the analysed measures. Possible
threats, however, continue to exist. Safeguarding the independent status of the ECB thus
remains an important mission not only for legal scholars. |
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Abstract:
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The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396. |
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Materia(s):
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-Independence
-ECB
-Inflation
-Democratic justification
-Fiscal and wage policy
-Bond purchases
-Judicial control
-Public criticism |
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Derechos:
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This is an Open Access article distributed under the terms of the Creative Commons Attribution License Creative Commons Attribution 4.0 International, which permits unrestricted use, distribution and reproduction in any medium provided that the original work is properlyattributed.
https://creativecommons.org/licenses/by/4.0/
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Tipo de documento:
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Documento de trabajo |
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