Politics of Accountability in Euroland

Donnelly, Shawn


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URL http://edoc.vifapol.de/opus/volltexte/2012/3774/
Dokumentart: Bericht / Forschungsbericht / Abhandlung
Institut: CEuS - Jean Monnet Centre for European Studies
Schriftenreihe: CEuS working paper
Bandnummer: 2002, 4
Sprache: Englisch
Erstellungsjahr: 2002
Publikationsdatum: 07.05.2012
Originalveröffentlichung: http://www.monnet-centre.uni-bremen.de/pdf/wp/2002-4-Donnelly.pdf (2002)
SWD-Schlagwörter: Währungspolitik , Europäische Union , Europäische Zentralbank
DDC-Sachgruppe: Politik
BK - Basisklassifikation: 89.73 (Europapolitik, Europäische Union), 83.50 (Geld, Inflation, Kapitalmarkt), 83.44 (Währung)
Sondersammelgebiete: 3.6 Politik und Friedensforschung

Kurzfassung auf Englisch:

This paper examines the institutions and networks that link the European Central Bank to various issue publics in the European Union. It identifies two parallel policy communities engaged in dealing with European monetary policy, and argues that the institutional environments they operate within works against the provision of central bank accountability to a broad public. One network comprised of national governments, the Commission and ECB officials channels its members’ energies into pursuing structural reforms of European economies and avoiding confrontation with ECB policy rather than questioning it, albeit with only modest success. A second involves the European Parliament and academics, which seek both transparency and a redefinition of goals from the ECB. Its effectiveness is constrained, however, by a combination of limited parliamentary powers, underdeveloped linkages between the European and national parliaments, and the unwillingness of the executive network to share full information.

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