The European Central Bank’s Ethical Rules
Abstract The study analyses the private securities transactions at the US Federal Reserve that have been made public since late 2021 and are worthy of criticism. It is shown by way of example that under the current applicable rules of conduct for the European Central Bank’s Governing Council members...
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| Format: | Article |
| Language: | English |
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Springer
2022-10-01
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| Series: | Intereconomics |
| Online Access: | https://doi.org/10.1007/s10272-022-1073-2 |
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| _version_ | 1841525619908673536 |
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| author | Arne Hansen Dirk Meyer |
| author_facet | Arne Hansen Dirk Meyer |
| author_sort | Arne Hansen |
| collection | DOAJ |
| description | Abstract The study analyses the private securities transactions at the US Federal Reserve that have been made public since late 2021 and are worthy of criticism. It is shown by way of example that under the current applicable rules of conduct for the European Central Bank’s Governing Council members, such questionable transactions would neither be reported nor prohibited. The important goal of avoiding even the appearance of personal insider benefits and interest-driven monetary policy decisions is thus not achieved. In this respect, the rules of conduct for the members of the European Central Bank’s Governing Council require urgent revision even after they were recently adapted. |
| format | Article |
| id | doaj-art-5baadfc5852048f88945bed15860ec30 |
| institution | Kabale University |
| issn | 1613-964X |
| language | English |
| publishDate | 2022-10-01 |
| publisher | Springer |
| record_format | Article |
| series | Intereconomics |
| spelling | doaj-art-5baadfc5852048f88945bed15860ec302025-01-17T08:34:13ZengSpringerIntereconomics1613-964X2022-10-0157532232810.1007/s10272-022-1073-2The European Central Bank’s Ethical RulesArne Hansen0Dirk Meyer1University of the Federal Armed Forces Hamburg, Helmut Schmidt UniversityUniversity of the Federal Armed Forces Hamburg, Helmut Schmidt UniversityAbstract The study analyses the private securities transactions at the US Federal Reserve that have been made public since late 2021 and are worthy of criticism. It is shown by way of example that under the current applicable rules of conduct for the European Central Bank’s Governing Council members, such questionable transactions would neither be reported nor prohibited. The important goal of avoiding even the appearance of personal insider benefits and interest-driven monetary policy decisions is thus not achieved. In this respect, the rules of conduct for the members of the European Central Bank’s Governing Council require urgent revision even after they were recently adapted.https://doi.org/10.1007/s10272-022-1073-2 |
| spellingShingle | Arne Hansen Dirk Meyer The European Central Bank’s Ethical Rules Intereconomics |
| title | The European Central Bank’s Ethical Rules |
| title_full | The European Central Bank’s Ethical Rules |
| title_fullStr | The European Central Bank’s Ethical Rules |
| title_full_unstemmed | The European Central Bank’s Ethical Rules |
| title_short | The European Central Bank’s Ethical Rules |
| title_sort | european central bank s ethical rules |
| url | https://doi.org/10.1007/s10272-022-1073-2 |
| work_keys_str_mv | AT arnehansen theeuropeancentralbanksethicalrules AT dirkmeyer theeuropeancentralbanksethicalrules AT arnehansen europeancentralbanksethicalrules AT dirkmeyer europeancentralbanksethicalrules |