Description: Democratic Legitimation of Central Bank Independence in the European Union by Cornelia Manger-Nestler, Markus Gentzsch This short monograph examines the tense relationship between central bank independence and democratic legitimation, which has changed as the European Central Bank (ECB) has been entrusted with new tasks and faced unprecedented challenges. FORMAT Hardcover LANGUAGE English CONDITION Brand New Publisher Description This short monograph examines the tense relationship between central bank independence and democratic legitimation, which has changed as the European Central Bank (ECB) has been entrusted with new tasks and faced unprecedented challenges. The financial and sovereign debt crisis, in particular, has affected the ECBs position within the Economic and Monetary Union without substantial changes in the Unions legal framework. However, the evolution of an institution primarily obligated to maintain price stability into an actor involved in sustaining financial stability, performing banking supervision and supporting economic policy raises the question of whether the high level of autonomy granted to the ECB is justified with regard to the principle of democracy that demands adequate accountability and control.This book identifies requirements for the democratic legitimation of central bank action in relation to specific tasks. Further, it analyses other scales of independence encountered in EU law in order to allow readers to gain a better conceptual understanding of central bank independence. Back Cover This short monograph examines the tense relationship between central bank independence and democratic legitimation, which has changed as the European Central Bank (ECB) has been entrusted with new tasks and faced unprecedented challenges. The financial and sovereign debt crisis, in particular, has affected the ECBs position within the Economic and Monetary Union without substantial changes in the Unions legal framework. However, the evolution of an institution primarily obligated to maintain price stability into an actor involved in sustaining financial stability, performing banking supervision and supporting economic policy raises the question of whether the high level of autonomy granted to the ECB is justified with regard to the principle of democracy that demands adequate accountability and control. This book identifies requirements for the democratic legitimation of central bank action in relation to specific tasks. Further, it analyses other scales of independence encountered in EU law in order to allow readers to gain a better conceptual understanding of central bank independence. Author Biography Dr. Cornelia Manger-Nestler, LL.M. (Eur. Int.), is full professor of German and International Economic and Business Law at the Faculty of Business Administration and Industrial Engineering at Leipzig University of Applied Sciences (HTWK Leipzig).Markus Gentzsch was research assistant at the chair of German and International Economic and Business Law at the Faculty of Business Administration and Industrial Engineering at Leipzig University of Applied Sciences (HTWK Leipzig) and is now desk officer at the Federal Ministry of Finance. Table of Contents Introduction.- Central Bank Independence and Democracy.- Dimensions of Independence in the Various Tasks of the ECB.- Independence as a Structural Characteristic of European Union Law.- Democratic Legitimation and Control of Central Bank Action.- Conclusion. Feature Discusses new developments, especially those resulting from the financial and sovereign debt crisis Compares the different scales of independence Written in a concise and easy-to-read style Details ISBN3030751147 Author Markus Gentzsch Language English Year 2021 ISBN-10 3030751147 ISBN-13 9783030751142 Format Hardcover DOI 10.1007/978-3-030-75115-9 Publisher Springer Nature Switzerland AG Edition 1st Imprint Springer Nature Switzerland AG Place of Publication Cham Country of Publication Switzerland Pages 167 Publication Date 2021-05-30 UK Release Date 2021-05-30 Illustrations 1 Illustrations, black and white; XIV, 167 p. 1 illus. Edition Description 1st ed. 2021 Alternative 9783030751173 Audience Professional & Vocational We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:134003096;
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ISBN-13: 9783030751142
Book Title: Democratic Legitimation of Central Bank Independence in the Europ
Number of Pages: 167 Pages
Publication Name: Democratic Legitimation of Central Bank Independence in the European Union
Language: English
Publisher: Springer Nature Switzerland Ag
Item Height: 235 mm
Subject: Law, Finance
Publication Year: 2021
Type: Textbook
Item Weight: 448 g
Subject Area: Country
Author: Cornelia Manger-Nestler, Markus Gentzsch
Item Width: 155 mm
Format: Hardcover
