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/lp/de-gruyter/book-commentary-on-financial-citizenship-experts-publics-and-the-omCeL4cLJX
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- Publisher
- de Gruyter
- Copyright
- © 2019 CONVIVIUM, association loi de 1901
- ISSN
- 2151-2820
- eISSN
- 2152-2820
- DOI
- 10.1515/ael-2019-0017
- Publisher site
- See Article on Publisher Site
Abstract
AbstractFinancial Citizenship addresses the new era of central banking by focusing on the conflicts over central banking legitimacy in order to ultimately provide “a new theory and practice of legitimacy” for central bankers. In this article, I summarize first how Riles accounts for the “culture clash” between central bankers and the public, and how she aims to solve these tensions with the concept of financial citizenship. Second, I argue that the book has missed one of the main problematic dimension of contemporary central banking, which is the rise of private financial power. I also contend that the analysis of the “populist backlash” lacks empirical underpinning and that the concept of “financial citizenship” is unlikely to restore central banks’ legitimacy.
Journal
Accounting, Economics and Law – de Gruyter
Published: May 1, 2023
Keywords: central banking; global financial crisis; legitimacy