Drescher, Christian - In: Intereconomics : review of European economic policy 46 (2011) 4, pp. 197-204
In the light of the recent financial crisis, the ECB has announced a slight shift in the reading of its monetary policy … than ever, the ECB is willing to dampen asset bubbles in the early stage of their formation. This article explains what the … ECB can learn from historical asset bubbles in EU eurozone member countries. The empirical analysis indicates that asset …