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legitimacy. A new generation of researchers, witnessing and in part affected by the course of events during the crisis, is … the ECB has transformed significantly during the crisis, not only raising concerns about the legitimacy of the position … discussing main determinants of the independence and democratic legitimacy of the ECB today, as well as identifying risks …
Persistent link: https://www.econbiz.de/10012889396
Drawing on the 2016 update of the IMF's Central Bank Legislation Database, this paper examines differences in central bank legal frameworks before and after the Global Financial Crisis. Examples from select countries show that many central bank laws have undergone changes in objectives,...
Persistent link: https://www.econbiz.de/10012956503
Economists often prescribe that countries seeking economic development should embrace the principle of the rule of law. I want to suggest that we listen to our own advice and apply it to our monetary and financial system. The principle of the rule of law could usefully guide us in resolving the...
Persistent link: https://www.econbiz.de/10013083115
Persistent link: https://www.econbiz.de/10014303675
The present paper contains a brief presentation and analysis, in a historical perspective through the lens of the recent major crises, of the legal framework governing the European Economic and Monetary Union (EMU), as well as current developments and challenges ahead. It is structured in three...
Persistent link: https://www.econbiz.de/10014077291
The legitimacy of central banking -- The challenge to the technocracy -- The culture of central banking -- Experts and … the public -- Towards financial citizenship and a new legitimacy narrative -- A program for action -- Between the last …
Persistent link: https://www.econbiz.de/10011855405
"Fed Power reveals how America's central bank undermined democratic accountability and widened economic inequality. It traces the Fed's historic rise to unparalleled power and capacity on domestic policy and its unilateral decisions during the 2008-9 financial crisis to leverage half of the...
Persistent link: https://www.econbiz.de/10011411201
Persistent link: https://www.econbiz.de/10014279792
-- Did You Know? -- Strategies of Concealment -- The Fed's Game Plan -- REFORMING THE FED -- The Fed's Legitimacy Deficit …
Persistent link: https://www.econbiz.de/10012686809
Persistent link: https://www.econbiz.de/10009727397