References
- Bartolini , S. 2006 . “ Comment on Torres and Schmidtke ” . In EMU rules: the political and economic consequences of European monetary integration , Edited by: Torres , F. , Verdun , A. and Zimmermann , H. 83 – 85 . Baden-Baden : Nomos Verlagsgesellschaft .
- Buiter , W. 1999 . Alice in Euroland . Journal of Common Market Studies , 37 ( 2 ) : 181 – 209 .
- Buiter, W. 2008. Monetary economics and the political economy of central banking: inflation targeting and central bank independence revisited. Paper presented at the Central Bank of Argentina conference on ‘Monetary policy under uncertainty’, June 4–5, in Buenos Aires.
- Buiter, W. 2012. The role of central banks in financial stability: how has it changed? CEPR Discussion Paper No. 8780, January.
- De Grauwe, P. 2011. The European Central Bank: lender of last resort in the government bond markets? CESifo Working Paper No. 3569, September.
- Draghi, M. 2012. The future of the euro: stability through change. Contribution from the President of the ECB, published in ‘Die Zeit’, 29 August.
- Drazen , A. 2000 . Political economy in macroeconomics , Princeton , NJ : Princeton University Press .
- Drazen, A. 2001. How does politics affect economic outcomes? Insights from ‘new’ political economy. The Political Economist, Newsletter of the Political Economy Section of the American Political Science Association, Winter.
- Dyson, K. 2009. The age of the euro: a structural break? Europeanization, convergence, and power in central banking. In Central banks in the age of the euro, ed. K. Dyson and M. Marcussen. Oxford: Oxford University Press, 1–52.
- European Central Bank. 2002. The accountability of the ECB, Monthly Bulletin, November, 45–57.
- European Central Bank. 2011a. The ECB’s non-standard measures – impact and phasing-out, Monthly Bulletin, July, 55–69.
- European Central Bank. 2011b. The reform of economic governance in the euro area – essential elements, Monthly Bulletin, March, 99–119.
- European Central Bank. 2012a. ECB President introductory statement to the press conference, Frankfurt am Main, 2 August.
- European Central Bank. 2012b. Technical features of outright monetary transactions, press release, Frankfurt am Main, 6 September.
- Farrell , Henry and Héritier , Adrienne . 2003 . Formal and informal institutions under codecision: continuous constitutional-building in europe . Governance , 16 ( 4 ) : 577 – 600 .
- Geraats, P. 2010. ECB credibility and transparency. In The Euro. The first decade, ed. M. Buti, S. Deroose, V. Gaspar, and J.N. Martins. Cambridge: Cambridge University Press.
- Geraats, P., F. Giavazzi, and C. Wyplosz. 2008. Transparency and governance. Monitoring the European Central Bank, 6, London: CEPR.
- Heipertz , M. and Verdun , A. 2010 . Ruling Europe. The politics of the stability and growth pact , Cambridge : Cambridge University Press . 193–229
- Issing , Otmar . 1999 . The eurosystem is transparent and accountable, or Willem in Wonderland . Journal of Common Market Studies , 37 ( 3 ) : 503 – 519 .
- Jabko , N. 2009 . “ Transparency and accountability ” . In Central banks in the age of the euro. Europeanization, convergence and power , Edited by: Dyson , K. and Marcussen , M. 391 – 406 . Oxford : Oxford University Press .
- Jones , E. 2009 . Output legitimacy and the global financial crisis: perceptions matter . Journal of Common Market Studies , 47 ( 5 ) : 1081 – 101 .
- Kassim , H. and Menon , A. 2009 . “ The principal–agent approach and the study of the European Union ” . In The political economy of European integration. Theory and analysis , Edited by: Jones , E. and Verdun , A. 39 – 53 . London and New York : Routledge .
- Keohane , R. and Nye , J. 2009 . “ Redefining accountability for global governance ” . In Governance in a global economy: political authority in transition , Edited by: Kahler , M. and Lake , D. 386 – 411 . Princeton , NJ : Princeton University Press .
- Kirkegaard, J. 2011. The next strategic target; De Gaulle’s EU legacy, VoxEU, 30 November.
- Lord , C. and Magnette , P. 2004 . E pluribus unum? Creative disagreement about legitimacy in the EU . Journal of Common Market Studies , 42 ( 1 ) : 183 – 202 .
- Magnette , P. 2000 . Towards ‘accountable independence’? Parliamentary controls of the European Central Bank and the rise of a new democratic model . European Law Journal , 6 ( 4 ) : 326 – 40 .
- Maggetti, M. 2010. Legitimacy and accountability of independent regulatory agencies: a critical review. Living Reviews in Democracy 2, http://www.livingreviews.org/lrd-2010-4, accessed on 29 September 2011
- Majone , G. 2001 . Non-majoritarian institutions and the limits of democratic governance: a political transaction-cost approach . Journal of Institutional and Theoretical Economics , 157 ( 1 ) : 57 – 78 .
- Majone, Giandomenico (2005), Delegation of powers and the fiduciary principle, in CONNEX Workshop, Paris.
- Padoa-Schioppa, Tommaso (2000), “An Institutional Glossary of the Eurosystem”, Center for European Integration Studies (ZEI), Working Paper B-16, University of Bonn, 23–37.
- Persson , T. and Tabellini , G. 1990 . Macroeconomics, credibility and politics , London : Harword Academic Publishers .
- Persson , T. and Tabellini , G. 2000 . Political economics: explaining economic policy , Cambridge , MA : MIT Press .
- Persson , T. and Tabellini , G. 2003 . The economic effects of constitutions. Munich Lectures in Economics , Cambridge , MA : MIT Press .
- Pollack , M. 2012 . “ Realist, intergovernmentalist, and institutionalist approaches ” . In The handbook on the European Union , Edited by: Jones , E. , Menon , A. and Weatherill , S. 3 – 17 . Oxford : Oxford University Press .
- Risse , T. and Kleine , M. 2007 . Assessing the legitimacy of European treaty revisions . Journal of Common Market Studies , 45 ( 1 ) : 69 – 80 .
- Rogoff , Kenneth . 1985 . The Optimal degree of commitment to an intermediate monetary target . The quarterly journal of economics , 100 ( 4 ) : 1169 – 1189 .
- Scharpf , F. 1999 . Governing in Europe. Effective and democratic? , Oxford : Oxford University Press .
- Schmidt, V.A. 2012. Democracy and legitimacy in the European Union. In The handbook on the European Union, ed. E. Jones, A. Menon, and S. Weatherill, Oxford: Oxford University Press, 3–17.
- Schuknecht, Ludger, Philippe Moutot, Philipp Rother and Jürgen Stark (2011), The stability and growth pact – crisis and reform, european central bank occasional paper 129, September.
- Torres , F. 2006 . “ On the efficiency-legitimacy trade-off in EMU ” . In EMU rules: the political and economic consequences of European monetary integration , Edited by: Torres , F. , Verdun , A. and Zimmermann , H. 31 – 49 . Baden-Baden : Nomos Verlagsgesellschaft .
- Torres, F. 2011. The sustainability and completion of EMU, unpublished manuscript.
- Torres , F. 2011 . The political economy of monetary governance: the role of preferences, policies and strategies , Lisbon : UCP .
- Torres, F. 2012. Completing EMU through an ‘Eurozone Economic Governance Compact’. Paper presented at the conference ‘European economic governance’, College of Europe, 1 March, in Bruges.
- Trichet, J.-C. 2011. Introductory statement. Hearing at the Committee on Economic and Monetary Affairs of the European Parliament, Brussels, 4 October.