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"The European Central Bank and Why Things Are the Way They Are: A Historic Monetary Policy Pivot Point and Moment of (Relative) Clarity"
Dubois, Robert - Levy Economics Institute - 2012
, financial, and political arenas. Apart from the eurozone crisis and global monetary policy issues, for nearly two years all else … divergence and political and social discord across member-states. Given the scale and scope of the eurozone crisis, policy and …
Persistent link: https://www.econbiz.de/10009652087
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"ECB Worries/European Woes: The Economic Consequences of Parochial Policy"
Barbera, Robert J.; Holtham, Gerald - Levy Economics Institute - 2012
Financial market crises with the threat of a subsequent debt-deflation depression have occurred with increasing regularity in the United States from 1980 through the present. Almost reflexively, when confronted with such circumstances, US institutions and the policymakers that run them have...
Persistent link: https://www.econbiz.de/10011141203
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"When Good Intentions Pave the Road to Hell: Monetization Fears and Europe's Narrowing Options"
Terzi, Andrea - Levy Economics Institute - 2014
With the creation of the Economic and Monetary Union and the euro, the national government debt of eurozone member … monetization" rule, the one embraced by the eurozone was special, as it also prevented monetization on the secondary market for … debt. This made all eurozone public debt defaultable--at least until the European Central Bank (ECB) announced the Outright …
Persistent link: https://www.econbiz.de/10010786627