US "quantitative easing" is fracturing the global economy

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.

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Year of publication:	2010
Authors:	Hudson, Michael
Publisher:	Annandale-on-Hudson, NY : Levy Economics Institute of Bard College
Subject:	exchange rates \| asset-price inflation \| monetary policy

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Series:	Working Paper ; 639
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	642324999 [GVK] 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:	EconStor

Persistent link: https://www.econbiz.de/10010286558