warranted. -- Economic and Monetary Union ; euro ; European Central Bank; global imbalances ; global crisis ; intra …

actions taken (or not taken) by the European Central Bank (ECB) meaningfully impact markets large and small, and ripple with … Policy ; Fiscal Policy ; European Central Bank ; European Monetary Union ; Debt Monetization ; Euro ; Basel ; Sovereign Debt …

transfer / no bailout monetary union, and a "clean", independent central bank. Misdiagnosis and the wrongly prescribed …

were in dollars and our sovereign currency issuer simply spent, lent, and guaranteed 29 trillion dollars' worth of bad bank … bank debts were in 'foreign' currencies. By this I mean that even though Irish bank debt was in euros, the Government of … European Central Bank (ECB). Every euro issued in Ireland is ultimately convertible, one to one, to an ECB euro. There is …

regime’s essential flaw and ultimate source of vulnerability is the decoupling of central bank and treasury institutions in …

This study assesses the European Central Bank’s (ECB) crisis management performance and potential for crisis resolution … crisis conditions, and how the bank has actually used its leeway since 2007-or might do so in the future. The study finds … managing the euro crisis, but that in general the bank did "too little, too late" to prevent the euro area from slipping into …

This paper investigates the role of the European Central Bank (ECB) in the (mal-) functioning of Europe's Economic and … central bank guardian. The analysis contrasts Keynes's chartalist conception of money and central banking to the peculiar post …-WWII German traditions as nourished by the Bundesbank and based on fear of fiscal dominance. Keynes viewed the central bank as an …