The Case of the European Central Bank

Christopher Lord analyses whether independent central banking removes an important area of policy-making from the process of mass political representation in the article in the special issue of European Politics and Society.


I argue the European Central Bank shows how mutually defining are i) the epistemic assumptions of independent central banking; ii) the powers of a central bank; iii) the political order in which it operates and iv) representative claims. I identify three ‘representative turns’ whose effects have cumulated over the history of the ECB: the first towards including representative claims in justifications for independent central banking; the second, towards a monetary dialogue between the ECB and the European Parliament; the third, towards providing the ECB with some means of discussing with parliaments how it should act in emergencies.

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Christopher Lord
No Epistocracy without Representation? The Case of the European Central Bank

European Politics and Society, online 2018, Pages 1-15
DOI: 10.1080/23745118.2018.1515868

Open Access (link)

Tags: Expert knowledge, representation, European Central Bank, European and national parliaments
Published Sep. 18, 2018 12:10 PM - Last modified Nov. 1, 2018 11:13 AM