The European Central Bank’s Ethical Rules

Arne Hansen () and Dirk Meyer ()
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Arne Hansen: Helmut Schmidt University
Dirk Meyer: Helmut Schmidt University

Intereconomics: Review of European Economic Policy, 2022, vol. 57, issue 5, 322-328

Abstract: 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.

Keywords: E58 (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/s10272-022-1073-2

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