The ECB's Monetary Dialogue with the European Parliament: Efficiency and Accountability during the Euro Crisis?
研究了欧洲央行与欧洲议会的货币对话在欧元危机期间的效率，发现其对金融市场影响有限，但有助于议员和选民知情与参与。
Abstract The monetary dialogue between the European Parliament and the European Central Bank (ECB) is a key component for the democratic accountability of the independent central bank. We provide new evidence for the efficiency of the dialogue and present the results of a survey conducted amongst the members of the parliament's ECON (economic and monetary affairs) committee. We find that while the monetary dialogue may have had little or even a negative impact on financial markets, it plays a significant role in informing and involving members of parliament and their constituencies. Amidst an intensifying debate about the communication and transparency of the ECB, these findings shed new light on the current state of affairs of ECB accountability and its alleged need for enhancement.