This article serves as an introduction to two issues of the <italic>Oxford Review of Economic Policy</italic>, one entitled ‘Sovereign Debt: Understanding Bond Markets During the Eurozone Crisis’ and the second ‘Sovereign Debt: Lessons from the Past, Reforms for the Future’. We begin by documenting...

The unconventional monetary policy measures adopted by the major central banks in the period since 2008 are discussed in this paper. We highlight some important differences between quantitative easing and conventional monetary policy and then evaluate the mechanisms through which quantitative...

In this short article we provide an introduction to the issue of the <italic>Oxford Review of Economic Policy</italic> entitled ‘Sovereign Debt: Lessons from the Past, Reforms for the Future’. Copyright 2013, Oxford University Press.