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Can greater central bank accountability defuse the conflict between the Bundesverfassungsgericht and the European Central Bank?

Diessner, Sebastian (2020) Can greater central bank accountability defuse the conflict between the Bundesverfassungsgericht and the European Central Bank? LSE European Politics and Policy (EUROPP) blog (13 May 2020). Blog Entry.

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Abstract

Germany’s constitutional court recently ruled that asset purchases conducted by the European Central Bank could be incompatible with the German constitution. As Sebastian Diessner explains, the subsequent rift has prompted calls for greater accountability in ECB decision-making, potentially with representatives from Germany’s central bank, the Bundesbank, being obliged to explain ECB decisions in the Bundestag. He writes that while there should be no illusions that such a measure could defuse the conflict entirely, an honest debate about central bank accountability in Europe is long overdue.

Item Type: Online resource (Blog Entry)
Official URL: https://blogs.lse.ac.uk/europpblog/
Additional Information: © 2020 The Author(s)
Divisions: LSE
European Institute
Subjects: J Political Science > JZ International relations
J Political Science > JN Political institutions (Europe)
H Social Sciences > HJ Public Finance
Date Deposited: 12 Jun 2020 14:06
Last Modified: 28 Jul 2020 23:23
URI: http://eprints.lse.ac.uk/id/eprint/104836

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