The Power of Coordination and Deliberation
Abstract: I provide comments and replies to the seven insightful contributions that discussed “The Democratic Challenge of Central Bank Credit Policies” and the proposal for a European Credit Council. I review how interdisciplinary scholarship on the political economy of central banking have shown the limits of simple principal-agent framework applied to central bank power and legitimacy. I emphasize why a change to central bank independence is not necessary for a fundamental change in the financial system and credit policies. I also argue that deliberations can have strong effects on decision-making and that the power of the people is not restricted to the legislative power.
- Standort
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Deutsche Nationalbibliothek Frankfurt am Main
- Umfang
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Online-Ressource
- Sprache
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Englisch
- Erschienen in
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The Power of Coordination and Deliberation ; volume:14 ; number:4 ; year:2023 ; pages:553-562 ; extent:10
Accounting, Economics, and Law ; 14, Heft 4 (2023), 553-562 (gesamt 10)
- Urheber
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Monnet, Eric
- DOI
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10.1515/ael-2022-0114
- URN
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urn:nbn:de:101:1-2411281448590.869802753260
- Rechteinformation
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Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
- Letzte Aktualisierung
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15.08.2025, 07:30 MESZ
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Beteiligte
- Monnet, Eric
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