Substantive Accountability in Europe's New Economic Governance

This book provides new concepts and detailed empirical research on how accountability practices in EU economic governance are evolving.

Mark Dawson (Edited by)

9781009228831, Cambridge University Press

Hardback, published 7 December 2023

332 pages, 4 b/w illus.
23.5 x 15.5 x 2.3 cm, 0.607 kg

The EU has become an increasingly powerful economic actor but we lack research on how EU economic decision-makers can be held to account. This book argues that the EU suffers from important substantive accountability deficits I.e. while numerous procedures exist to hold institutions like the Commission and ECB to account, there are few mechanisms to contest the merit and impact of economic decisions. The book combines detailed empirical research on how accountability practices are evolving across different fields of EU economic governance with a novel conceptual framework to assess where accountability deficits lie and how they might be addressed. Combining leading research in law and political science, this book will be of interest to scholars with an interest in the questions of accountability and economic governance arising from the budgets, central banks and financial institutions of the European Union. This title is Open Access.

Introduction: The accountability impasse of the EU's new economic governance
Mark Dawson
Part I. (Re)theorising Accountability in EMU: 1. From Procedural to Substantive Accountability in EMU Governance
Adina Akbik and Mark Dawson
2. Reconsidering the good of improving accountability
Roy L. Heidelberg
3. Markets as an accountability mechanism in EU economic governance
Armin Steinbach
4. The case for intra-executive accountability in the banking union
Matthias Goldmann
Part II. Political Accountability: 5. Democratic accountability in the banking union: is there really a gap?
Diane Fromage
6. The political and legal accountability of the Eurogroup
Menelaos Markakis
7. The economic dialogues with the Eurogroup: substantive accountability claimed, but unmet
Adina Akbik
8. Parliamentary accountability of the country specific recommendations: effectiveness and substance
Tomasz P. Wozniakowski
Part III. Legal Accountability: 9. Constructive constitutional conflict as an accountability device in monetary policy
Ana Bobić
10. Adjudicating transnational solidarity conflicts: can courts ban the destructive potential?
Anuscheh Farahat
11. Judicial accountability of financial assistance in the case of Eurozone debtor countries
Teresa Violante
12. Human rights accountability in European financial assistance
Anastasia Poulou
13. Constitutive powers and justification: the duty to give reasons in EU monetary policy
Joana Mendes
Index.

Subject Areas: Laws of Specific jurisdictions [LN]