Accountability Mechanisms of Major Central Banks and Possible Avenues to Improve the ECB's Accountability
Estudo
15-09-2020
Independece of monetary authorities is a key tenet of modern central banking. Indepedence, however, must go hand in hand with accountability towards the public and its elected representatives. Four studies were prepared for the ECON Committee by the Monetary Expert Panel, comparing the accountability practices of major central banks in other juristictions (the Bank of England, the Swiss National Bank, the Bank of Japan and the Federal Reserve) with those of the European Central Bank (ECB) and offering recommendations on how to improve the ECB's accoutability framework.
Estudo
Autor externo
Rosa M. LASTRA, Charles WYPLOSZ, Grégory CLAEYS, Marta DOMÍNGUEZ-JIMÉNEZ, Karl WHELAN
Sobre este documento
Tipo de publicação
Palavra-chave
- ATIVIDADE POLÍTICA
- Banco Central Europeu
- economia monetária
- FINANÇAS
- instituições da União Europeia e função pública europeia
- livre circulação de capitais
- poder executivo e administração pública
- política monetária única
- quadro político
- separação de poderes
- supervisão financeira
- transparência administrativa
- UNIÃO EUROPEIA