All Along the Watch Tower
The European Central Bank and Legitimation Strategies in Times of Crisis
Bibliographic Data
| ID | 7877601 |
|---|---|
| Authors | Signe Elmer Christensen (Department of Political Science University of Copenhagen Copenhagen), Peter Nedergaard (0000-0001-5363-3301, Department of Political Science University of Copenhagen Copenhagen, corresponding author) |
| Year | 2024 |
| Volume | 62 |
| Issue | 2 |
| Pages | 451-467 |
| Publication date | 2024-03-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | JCMS Journal of Common Market Studies (JOURNAL) |
| Journal identifiers | ISSN: 0021-9886 • E-ISSN: 1468-5965 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/jcms.13510 |
| OpenAlex | W4381997123 |
| Language | EN |
| Citations received | 4 |
| References cited | 21 |
How does the European Central Bank (ECB) legitimise its decisions and monetary policy programmes in the period from 2009 to 2021 in terms of input, throughput and output legitimacy? This article contains an answer to this important question based on a content analysis of speeches made by the presidents of the ECB. Ideally, the institution is founded on its independence and therefore cannot maintain legitimacy through public influence. This article proves that there are clearly most references on output legitimacy in the ECB's legitimation strategy, showing that it highlights its results as an independent institution to compensate for its lack of democratic channels in terms of legitimacy. Generally, in times of crises, there is an increase in frequency of references to legitimacy. During these periods, ECB actors also more frequently refer to throughput legitimacy in speeches, showing that the institution is in fact sensitive to public criticism
Archaeology · Business · Economic history · Financial system · Legitimation · Political economy · Political science · Politics · Sociology · Tower · European Union Policy and Governance · History · Law · Social Policy and Reform Studies
Discursive legitimation through strategic framing
Operational claims, normative trade-offs, and the legitimation of international organizations
What Do Politicians Think of Technocratic Institutions? Attitudes in the European Parliament Towards the European Central Bank
Central Bankers as Migrating Birds
Political Democracy in a Capitalist Economy
Bringing Independence and Accountability Together
Instrumentalizing EMU’s democratic deficit
Explaining the European Central Bank’s limited reform ambition
We the People’ versus ‘We the Heads of States’
A theory of “popular political legitimation”
Reinterpreting the rules ‘by stealth’ in times of crisis
The promises and pitfalls of the ECB’s ‘legitimacy-as-accountability’ towards the European parliament post-crisis
Does politics drive conflict in central banks’ committees? Lifting the veil on the European Central Bank consensus
Integration through the disintegration of law? The ECB and EU constitutionalism in the crisis
European emergency politics and the question of legitimacy
The charismatic leadership of the ECB presidency
| Citations per year | 4 |
|---|---|
| Citation span | 2025 - 2026 (2) |
| Highly cited | No |