The Power of Coordination and Deliberation
Bibliographic Data
| ID | 19080321 |
|---|---|
| Authors | É Monnet (0000-0003-1445-8883, corresponding author) |
| Year | 2023 |
| Volume | 14 |
| Issue | 4 |
| Pages | 553-562 |
| Publication date | 2023-01-26 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Accounting, Economics, and Law: A Convivium (JOURNAL) |
| Journal identifiers | ISSN: 2152-2820 • E-ISSN: 2152-2820 |
| Publisher | De Gruyter (PUBLISHER • DE) |
| DOI | 10.1515/ael-2022-0114 |
| OpenAlex | W4318054375 |
| Language | EN |
| References cited | 3 |
I provide comments and replies to the seven insightful contributions that discussed “The Democratic Challenge of Central Bank Credit Policies” and the proposal for a European Credit Council. I review how interdisciplinary scholarship on the political economy of central banking have shown the limits of simple principal-agent framework applied to central bank power and legitimacy. I emphasize why a change to central bank independence is not necessary for a fundamental change in the financial system and credit policies. I also argue that deliberations can have strong effects on decision-making and that the power of the people is not restricted to the legislative power
Deliberation · Economic system · Economics · Legislature · Legitimacy · Political economy · Political science · Politics · Scholarship · Banking stability, regulation, efficiency · Computer Science · Global Financial Regulation and Crises · Housing, Finance, and Neoliberalism · Law
| Citation velocity | historical |
|---|---|
| Highly cited | No |