The joint effect of the global economic and sovereign debt crisis forced the European Central Bank (ECB) to apply … conventional and non-standard expansionary monetary policy interventions in order to stabilize eurozone economies. We conducted a … with two main macroeconomic variables and a sentiment indicator, on market equity returns of eurozone countries for the …

Federal Reserve Board and the European Central Bank-were ultimately responsible for the outburst of global financial crisis of … tend not to take into account the policies of the European Central Bank. …

The sovereign debt crisis has made it clear that central banking is more than keeping inflation low. Central banks are … of the central bank to be the lender of last resort in the banking system. In this article, I argue that the ECB should … also be the lender of last resort in the government bond markets of the monetary union, very much like the central banks in …