@article{van 't klooster_2023, 
  title={The Case for a European Credit Council: Historical and Constitutional Fine-Tuning}, 
  DOI={10.1515/ael-2022-0074}, 
  abstractNote={<jats:title>Abstract</jats:title>
               <jats:p>Eric Monnet's European Credit Council (ECC) is an innovative, historically-grounded institutional proposal for supporting the ECB in the design of its monetary policy operations. In this commentary, I seek to strengthen the case for the European Credit Council drawing on work in progress on the history of the ECB. I first discuss the tradition of moderate interventionism as it appears in Monnet's (Monnet, E. (2018). <jats:italic>Controlling credit: Central banking and the planned economy in Postwar France</jats:italic>, <jats:italic>1948–1973</jats:italic>. Cambridge University Press) study <jats:italic>Controlling Credit</jats:italic>. I show that the model of moderate interventionism was well-known to the drafters of the ECB statutes and efforts to categorically rule such policies out were simply unsuccessful. I suggest that this fortuitous choice has left ample legal space in the EU treaties for an ECC.</jats:p>}, 
  publisher={Walter de Gruyter GmbH}, 
  author={van 't Klooster, Jens}, 
  year={2023}, 
  month={Jan}
  }