1st Edition

European Central Bank Reform After the Financial Crisis Technocratic Empowerment

By Sebastian Heidebrecht Copyright 2025
192 Pages 10 B/W Illustrations
by Routledge

192 Pages 10 B/W Illustrations
by Routledge

192 Pages 10 B/W Illustrations
by Routledge

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... Read more

1. Introduction

Part 1: Theory

2. Technocratic Empowerment of the European Central Bank

3. European Monetary Politics

Part 2: Dimensions of Technocratic Empowerment

4. Characteristics and Appointment of Central Bankers

5. Decision-Making Powers

6. Democratic Control Structures

Part 3: Assessment

7. Conclusion

Biography

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