European Central Bank Reform After the Financial Crisis: Technocratic Empowerment

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Sebastian Heidebrecht (University of Vienna, Austria)

European Central Bank Reform After the Financial Crisis

Technocratic Empowerment

Sebastian Heidebrecht (University of Vienna, Austria)

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Hardback

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English

Routledge
27 March 2025

Social & political philosophy; Political structures: democracy; EU & European institutions; Political economy; Finance

Series: Routledge/UACES Contemporary European Studies

This book explores the European Central Bank’s (ECB) political role, and the politics of its increased empowerment, in the light of contemporary challenges for both central bank independence and European democratic stability.

Analysing the central bank’s transparency, accountability, and democratic legitimacy, the book shows how politics have influenced monetary policy, the ECB’s institutional role, and the appointment of top central bankers. As one of the most important institutions of the European Union (EU), the economic empowerment of this very independent and technocratic institution poses unsolved challenges for its accountability and for democratic legitimacy of the EU.

This book will be of key interest to scholars and students of European integration, European economic governance, democracy, political economy, economics, and law.

By: Sebastian Heidebrecht (University of Vienna Austria)
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
Weight: 520g
ISBN: 9781032426426
ISBN 10: 103242642X
Series: Routledge/UACES Contemporary European Studies
Pages: 182
Publication Date: 27 March 2025
Audience: College/higher education , Primary
Format: Hardback
Publisher's Status: Active

Sebastian Heidebrecht is an assistant professor at the Centre for European Integration Research of the University of Vienna, Austria.