Intereconomics

, Volume 49, Issue 1, pp 45–50 | Cite as

ECB: Independence at risk?

  • Christoph S. Weber
  • Benedikt Forschner
Articles Central Banks

Abstract

The extraordinary measures taken by the ECB to combat the fi nancial crisis have led many observers to question whether the bank has put its independence at risk. The bank’s vow to do “whatever it takes” to save the euro has added a second (and potentially contradictory) goal alongside its primary mission of achieving price stability. This expansion of the ECB mandate could expose the bank to national and European political demands, thereby endangering its prized independence.

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Copyright information

© ZBW and Springer-Verlag Berlin Heidelberg 2014

Authors and Affiliations

  • Christoph S. Weber
    • 1
  • Benedikt Forschner
    • 1
  1. 1.University Erlangen-NürnbergErlangen-NürnbergGermany

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