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The democratic accountability of the European Central Bank

Author

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  • L. BINI-SMAGHI

    (European Central Bank)

Abstract

The European Central Bank (ECB) is considered to be an institution with a high level of accountability compared with other central banks. However, the matter has yet to be investigated in practice. Accountability of the ECB will have to be checked by governing bodies both within and outside the ECB as well as the public. A survey is undertaken of the main reasons for central bank accountability, especially for the ECB.

Suggested Citation

  • L. Bini-Smaghi, 1998. "The democratic accountability of the European Central Bank," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 51(205), pages 119-143.
  • Handle: RePEc:psl:bnlqrr:1998:22
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    File URL: http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10593/10477
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    References listed on IDEAS

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    Cited by:

    1. Manfred Neumann, 2002. "Transparency in monetary policy," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 30(4), pages 353-365, December.
    2. Aerdt C.F.J. Houben, 2001. "What central banks have learned: lessons from pre-EMU Europe," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 54(218), pages 289-311.
    3. Barry Eichengreen, 2010. "The Breakup of the Euro Area," NBER Chapters, in: Europe and the Euro, pages 11-51, National Bureau of Economic Research, Inc.
    4. Sylvester C. W. Eijffinger & Marco Hoeberichts, 2002. "Central Bank Accountability and Transparency: Theory and Some Evidence," International Finance, Wiley Blackwell, vol. 5(1), pages 73-96.
    5. Ms. Eva H. G. Hüpkes & Mr. Marc G Quintyn & Mr. Michael W Taylor, 2005. "The Accountability of Financial Sector Supervisors: Principles and Practice," IMF Working Papers 2005/051, International Monetary Fund.

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    More about this item

    Keywords

    Evaluation; Central banks; European Union. European Central Bank;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics

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