The ‘Banking Dialogue’ as a model to improve parliamentary involvement in the Monetary Dialogue
Bibliographic Data
| ID | 12048002 |
|---|---|
| Authors | Diane Fromage (0000-0001-6911-0468, Maastricht University), Renato Ibrido (Department of Political Science, University LUISS Guido Carli, Rome, Italy, corresponding author) |
| Year | 2018 |
| Volume | 40 |
| Issue | 3 |
| Pages | 295-308 |
| Publication date | 2018-04-16 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of European Integration (JOURNAL) |
| Journal identifiers | ISSN: 0703-6337 • E-ISSN: 1477-2280 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1080/07036337.2018.1450406 |
| OpenAlex | W2806657828 |
| Language | EN |
| Citations received | 12 |
| References cited | 12 |
The newly established European Banking Union has introduced a unique accountability framework of the European Central Bank vis-à-vis the European Parliament (EP), but also vis-à-vis national parliaments, in the form of Banking Dialogue. The ECB was thus far held to account for its monetary policy actions by the EP in the framework of the long-existing Monetary Dialogue. However, some shortcomings have become apparent in this procedure, especially with the economic crisis. Beyond this, the recent attribution of new competences to the ECB calls for a reflection as to the accountability mechanisms in place to control its actions. Based on an empirical and normative analysis of both types of dialogues, we contend that the Banking Dialogue could serve as a model to reform the Monetary Dialogue to enhance the legitimacy of the ECB’s actions and of the EU as a whole
Accountability · Banking Union · Economic and monetary union · Economics · European union · International economics · Legitimacy · Macroeconomics · Monetary policy · Normative · Parliament · Political economy · Political science · Politics · European Monetary and Fiscal Policies · Global Financial Crisis and Policies · Global Financial Regulation and Crises · Law · Accounting
The European Parliament in the post-crisis era
The ECB as a banking supervisor
Signalling Questions in the Recovery and Resilience Dialogues
Oversight, Accountability, or Influence? Understanding the Use of Monetary Dialogues in the European Parliament
The Politicisation of the European Central Bank and the Bundestag
The European Central Bank and the German Constitutional Court
Police patrols, fire alarms, or ambulance chasers? Parliamentary oversight of European monetary policy and banking supervision
The promises and pitfalls of the ECB’s ‘legitimacy-as-accountability’ towards the European parliament post-crisis
Contesting the European Central Bank in Banking Supervision
Understanding oversight through parliamentary questions
Guiding or Following the Crowd? Strategic Communication as Reputational and Regulatory Strategy
What to Do with the ECB's Secondary Mandate
| Unique citing works | 12 |
|---|---|
| Citations per year | 1.5 |
| Citation span | 2018 - 2025 (8) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 12 |