US "quantitative easing" is fracturing the global economy

by Michael Hudson

The Federal Reserve's quantitative easing is presented as injecting $600 billion into "the economy." But instead of getting banks lending to Americans again - households and firms - the money is going abroad, through arbitrage interest-rate speculation, currency speculation, and capital flight. No wonder foreign economies are protesting, as their currencies are being pushed up. -- Exchange Rates ; Asset-price Inflation ; Monetary Policy

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Year of publication:	2010
Authors:	Hudson, Michael
Publisher:	Annandale-on-Hudson, NY : Levy Economics Inst.
Subject:	Quantitative Lockerung \| Quantitative easing \| Geldpolitik \| Monetary policy \| USA \| United States \| Welt \| World \| Globalisierung \| Globalization \| Wirtschaftspolitik \| Economic policy

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Extent:	Online-Ressource (PDF-Datei: 19 S., 231 KB)
Series:	Working papers / The Levy Economics Institute. - Annandale-on-Hudson, NY : [Verlag nicht ermittelbar], ZDB-ID 2195074-X. - Vol. 639
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/57071 [Handle]
Classification:	E50 - Monetary Policy, Central Banking and the Supply of Money and Credit. General ; E58 - Central Banks and Their Policies ; F34 - International Lending and Debt Problems ; F42 - International Policy Coordination and Transmission ; G12 - Asset Pricing
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10008759457