The politics of the European Central Bank: principal-agent theory and the democratic deficit

@article{Elgie2002ThePO,
  title={The politics of the European Central Bank: principal-agent theory and the democratic deficit},
  author={R. Elgie},
  journal={Journal of European Public Policy},
  year={2002},
  volume={9},
  pages={186 - 200}
}
  • R. Elgie
  • Published 2002
  • Economics
  • Journal of European Public Policy
The institutional design of the European Central Bank (ECB) has been the subject of considerable political debate. In particular, it has been argued that the Bank suffers from a 'democratic deficit'. This article applies the principal- agent approach to this debate so as to identify more dearly the logic that underpins the basic arguments about the democratic legitimacy of the ECB. Moreover, on the assumption that the Bank does suffer from a democratic deficit, the article also shows how… Expand
87 Citations
Power delegation and the European Central Bank's democratic deficit
  • 4
The Politicization of the European Central Bank: What Is It, and How to Study It?*
  • P. D. Tortola
  • Political Science, Medicine
  • Journal of common market studies
  • 2020
  • 4
  • PDF
Unconventional Monetary Policies and the European Central Bank's Problematic Democratic Legitimacy
  • 18
  • Highly Influenced
  • PDF
Reforming EU economic governance: A view from (and on) the principal-agent approach
  • 20
  • Highly Influenced
  • PDF
...
1
2
3
4
5
...

References

SHOWING 1-10 OF 57 REFERENCES
...
1
2
3
4
5
...