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The Way Forward — Central Banks with Financial Stability Mandates: The Case of the Eurosystem

In: The Role of Central Banks in Financial Stability How Has It Changed?

Author

Listed:
  • Anne Sibert

    (Birkbeck, University of London, UK and CEPR, USA)

Abstract

The following sections are included:IntroductionThe Central Bank's Legitimacy When It Has a Financial Stability RoleThe political nature of the central bank's financial stability roleThe perceived legitimacy of the Eurosystem as provider of financial stabilityThe Eurosystem's output legitimacyInput legitimacy through the manner of the ECB's creationAccountability and the EurosystemStaffing the Central Bank When It Has a Financial Stability RoleWhy macroeconomists are not enoughExpertise for a financial stability roleCombining the Financial Stability and Monetary Policy Roles of a Central BankReferences

Suggested Citation

  • Anne Sibert, 2013. "The Way Forward — Central Banks with Financial Stability Mandates: The Case of the Eurosystem," World Scientific Book Chapters, in: Douglas D Evanoff & Cornelia Holthausen & George G Kaufman & Manfred Kremer (ed.), The Role of Central Banks in Financial Stability How Has It Changed?, chapter 24, pages 433-445, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814449922_0024
    as

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