Policy‐Maker of Last Resort? Drivers of Discretion at the European Central Bank
Under what conditions does the ECB become the policy-maker of last resort? This article surveys five incidences in which the ECB created its own rules or exercised discretion beyond the effective control of political principals. ECB rule-making took place where the Bank had an initial legal mandate...
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| Format: | Article |
| Language: | English |
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Cogitatio
2025-01-01
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| Series: | Politics and Governance |
| Subjects: | |
| Online Access: | https://www.cogitatiopress.com/politicsandgovernance/article/view/8958 |
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