De Grauwe, Paul; Ji, Yuemei - In: Economic globalization and governance : essays in honor …, (pp. 121-138). 2021
We argue that the various proposals aimed at stabilizing the Eurozone using financial engineering do not eliminate the … amount of financial engineering can stabilize an otherwise unstable system. The real stabilization of the Eurozone entails … two mechanisms. The first is the willingness of the European Central Bank (ECB) to provide liquidity in the Eurozone …