The Political Role of the European Central Bank: Between European Politics and National Constraints
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The Political Role of the European Central Bank: Between European Politics and National Constraints
Heidebrecht, Sebastian | Kaeding, Michael
Credit and Capital Markets – Kredit und Kapital, Vol. 51 (2018), Iss. 1 : pp. 1–13
2 Citations (CrossRef)
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Sebastian Heidebrecht, M. A., University of Duisburg-Essen, Researcher at the Chair of European Integration and EU Politics, Lotharstraße 63, 47057 Duisburg
Prof. Dr. Michael Kaeding, University of Duisburg-Essen, Chair of European Integration and EU Politics, Visiting Professor at EIPA and the College of Europe, Chairman of TEPSA, Lotharstraße 63, 47057 Duisburg
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https://doi.org/10.1007/s10602-024-09441-4 [Citations: 0]
Abstract
The euro is symbolic for the European integration process. The last decade, in particular, has seen some existential challenges for the single currency. European policy solutions have been foremost associated with one European institution: the European Central Bank (ECB). This special issue focuses on the ECB"s new political role in an ever-changing EMU governance structure, a position between European politics and national constraints. Against this backdrop, this contribution discusses the asymmetric institutional design of the EMU and sets the scene for scholarly debate around the changing political role of the ECB.