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ECB: Independence at risk?

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  • Christoph Weber
  • Benedikt Forschner

Abstract

The extraordinary measures taken by the ECB to combat the fi nancial crisis have led many observers to question whether the bank has put its independence at risk. The bank’s vow to do “whatever it takes” to save the euro has added a second (and potentially contradictory) goal alongside its primary mission of achieving price stability. This expansion of the ECB mandate could expose the bank to national and European political demands, thereby endangering its prized independence. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2014

Suggested Citation

  • Christoph Weber & Benedikt Forschner, 2014. "ECB: Independence at risk?," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 49(1), pages 45-50, January.
    • Handle: RePEc:spr:intere:v:49:y:2014:i:1:p:45-50
    DOI: 10.1007/s10272-014-0486-y
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    Cited by:

    1. Zachary Kramer, 2019. "Fiscal Sovereignty under EU Crisis Management: A Comparison of Greece and Hungary," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 69(4), pages 595-624, December.
    2. Lars P Feld & Volker Wieland, 2021. "The German Federal Constitutional Court Ruling and the European Central Bank’s Strategy," Journal of Financial Regulation, Oxford University Press, vol. 7(2), pages 217-253.
    3. Alexander Kupfer, 2015. "Revisiting Svensson's test of inflation target credibility," Applied Economics Letters, Taylor & Francis Journals, vol. 22(5), pages 343-348, March.

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