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Journal of European Integration Volume 35, 2013 - Issue 3: Redefining European Economic Governance
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The EMU’s Legitimacy and the ECB as a Strategic Political Player in the Crisis Context

Francisco Torres European Studies Centre, St. Antony's College, Oxford University, and Robert Schuman Centre for Advanced Research, European University Institute, FlorenceCorrespondence[email protected]
Pages 287-300 | Published online: 17 Apr 2013

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Lukas Spielberger. (2023) The politicisation of the European Central Bank and its emergency credit lines outside the Euro Area. Journal of European Public Policy 30:5, pages 873-897.
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Sebastian Diessner. (2022) The promises and pitfalls of the ECB’s ‘legitimacy-as-accountability’ towards the European parliament post-crisis. The Journal of Legislative Studies 28:3, pages 402-420.
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Nicolò Fraccaroli, Alessandro Giovannini, Jean-François Jamet & Eric Persson. (2022) Does the European Central Bank speak differently when in parliament?. The Journal of Legislative Studies 28:3, pages 421-447.
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Eugénia C. Heldt & Tony Mueller. (2021) The (self-)empowerment of the European Central Bank during the sovereign debt crisis. Journal of European Integration 43:1, pages 83-98.
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Joscha Abels. (2019) Power behind the curtain: the Eurogroup’s role in the crisis and the value of informality in economic governance. European Politics and Society 20:5, pages 519-534.
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Daniel Seikel. (2019) Patterns of pooling and delegation after the crisis: old and new asymmetries. Journal of European Integration 41:6, pages 693-709.
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Tobias Tesche. (2019) Instrumentalizing EMU’s democratic deficit: the ECB’s unconventional accountability measures during the eurozone crisis. Journal of European Integration 41:4, pages 447-463.
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Martin B. Carstensen & Vivien A. Schmidt. (2018) Ideational power and pathways to legitimation in the euro crisis. Review of International Political Economy 25:6, pages 753-778.
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Clement Fontan. (2018) Frankfurt’s double standard: the politics of the European Central Bank during the Eurozone crisis. Cambridge Review of International Affairs 31:2, pages 162-182.
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Rachel A. Epstein & Martin Rhodes. (2016) The political dynamics behind Europe’s new banking union. West European Politics 39:3, pages 415-437.
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Gerda Falkner. (2016) The EU’s current crisis and its policy effects: research design and comparative findings. Journal of European Integration 38:3, pages 219-235.
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Georgios Maris & Pantelis Sklias. (2016) France, Germany and the New Framework for EMU Governance. Journal of Contemporary European Studies 24:1, pages 1-23.
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Stefaan De Rynck. (2016) Banking on a union: the politics of changing eurozone banking supervision. Journal of European Public Policy 23:1, pages 119-135.
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Arne Niemann & Demosthenes Ioannou. (2015) European economic integration in times of crisis: a case of neofunctionalism?. Journal of European Public Policy 22:2, pages 196-218.
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Christopher Holmes. (2014) ‘Whatever it takes’: Polanyian perspectives on the eurozone crisis and the gold standard. Economy and Society 43:4, pages 582-602.
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Felix Roth, Daniel Gros & Felicitas Nowak-Lehmann D.. (2014) Crisis and Citizens’ Trust in the European Central Bank — Panel Data Evidence for the Euro Area, 1999–2012. Journal of European Integration 36:3, pages 303-320.
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Jens van ’t Klooster. (2023) The politics of the ECB’s market-based approach to government debt. Socio-Economic Review 21:2, pages 1103-1123.
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Tobias Tesche. (2022) Trustee strategies, politicization and de‐delegation: The case of the European Central Bank. Governance 36:1, pages 125-140.
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Jonathan C. KamkhajiJonathan C. Kamkhaji. 2022. Policy Learning and the Euro. Policy Learning and the Euro 1 24 .
Felix RothFelix Roth, Daniel Gros & Felicitas Nowak-Lehmann D.. 2022. Public Support for the Euro. Public Support for the Euro 137 155 .
Clément Fontan. 2021. Les Politiques publiques dans la crise. Les Politiques publiques dans la crise 89 110 .
Nicola Acocella. 2020. The European Monetary Union. The European Monetary Union.
Hjalte Lokdam. (2020) ‘We Serve the People of Europe’: Reimagining the ECB's Political Master in the Wake of its Emergency Politics. JCMS: Journal of Common Market Studies 58:4, pages 978-998.
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Corrado Macchiarelli, Mara Monti, Claudia Wiesner & Sebastian DiessnerCorrado Macchiarelli, Mara Monti, Claudia Wiesner & Sebastian Diessner. 2020. The European Central Bank between the Financial Crisis and Populisms. The European Central Bank between the Financial Crisis and Populisms 145 173 .
Corrado Macchiarelli, Mara Monti, Claudia Wiesner & Sebastian DiessnerCorrado Macchiarelli, Mara Monti, Claudia Wiesner & Sebastian Diessner. 2020. The European Central Bank between the Financial Crisis and Populisms. The European Central Bank between the Financial Crisis and Populisms 103 121 .
Christopher A. Hartwell. (2019) Complexity, Uncertainty, and Monetary Policy: Can the ECB Avoid the Unconventional Becoming the ‘New Normal’?. The Economists’ Voice 16:1.
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Sebastian Heidebrecht. (2019) Balancing independence and legitimacyDie Balance zwischen Unabhängigkeit und Legitimität. Zeitschrift für Politikwissenschaft 29:3, pages 393-410.
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PIER DOMENICO TORTOLA & PAMELA PANSARDI. (2019) The charismatic leadership of the ECB presidency: A language‐based analysis. European Journal of Political Research 58:1, pages 96-116.
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Joscha Abels. 2019. Neue Segel, alter Kurs?. Neue Segel, alter Kurs? 83 108 .
Mathis Heinrich. 2019. Neue Segel, alter Kurs?. Neue Segel, alter Kurs? 61 81 .
Pierre SchlosserPierre Schlosser. 2019. Europe's New Fiscal Union. Europe's New Fiscal Union 103 132 .
Magnus G. SchoellerMagnus G. Schoeller. 2019. Leadership in the Eurozone. Leadership in the Eurozone 195 212 .
Magnus G. SchoellerMagnus G. Schoeller. 2019. Leadership in the Eurozone. Leadership in the Eurozone 129 193 .
Thomas Christiansen & Diane Fromage. 2019. Brexit and Democracy. Brexit and Democracy 1 25 .
Clément Fontan, Emmanuel Carré & Guillaume L’Oeillet. (2018) Theoretical perspectives on the new era of central banking. French Politics 16:4, pages 453-470.
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Joscha Abels. (2018) Ein Europa der Finanzministerien?. PROKLA. Zeitschrift für kritische Sozialwissenschaft 48:192.
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Magnus G. Schoeller. (2018) Leadership by Default: The ECB and the Announcement of Outright Monetary Transactions. Credit and Capital Markets – Kredit und Kapital 51:1, pages 73-91.
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Michele Chang. (2018) The Creeping Competence of the European Central Bank During the Euro Crisis. Credit and Capital Markets – Kredit und Kapital 51:1, pages 41-53.
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Sebastian Heidebrecht, & Michael Kaeding. (2018) The Political Role of the European Central Bank: Between European Politics and National Constraints. Credit and Capital Markets – Kredit und Kapital 51:1, pages 1-13.
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Martin Larch & Thomas Braendle. (2018) Independent Fiscal Councils: Neglected Siblings of Independent Central Banks? An EU Perspective. JCMS: Journal of Common Market Studies 56:2, pages 267-283.
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Giulio Peroni. 2017. Democracy in the EMU in the Aftermath of the Crisis. Democracy in the EMU in the Aftermath of the Crisis 249 264 .
Annette Bongardt & Francisco Torres. 2017. The Euro and the Crisis. The Euro and the Crisis 17 32 .
Stefan Collignon & Sebastian Diessner. (2016) The ECB's Monetary Dialogue with the European Parliament: Efficiency and Accountability during the Euro Crisis?. JCMS: Journal of Common Market Studies 54:6, pages 1296-1312.
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Federico Steinberg & Mattias Vermeiren. (2016) Germany's Institutional Power and the EMU Regime after the Crisis: Towards a Germanized Euro Area?. JCMS: Journal of Common Market Studies 54:2, pages 388-407.
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Annette Bongardt & Francisco Torres. 2016. Europe in Crisis. Europe in Crisis 37 64 .
Sara KONOE. (2014) The Formation of the EMU and Financial Stability Policies: Fragmented Policy-Making Processes and Current Agendas. EU Studies in Japan EU Studies in Japan 2014:34, pages 229-249.
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Christophe Degryse, Maria Jepsen & Philippe Pochet. (2013) The Euro Crisis and Its Impact on National and European Social Policies. SSRN Electronic Journal.
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