Mody, Ashoka - Bruegel - 2014
through liquidity provision by the central bank acting in its capacity as a lender of last resort. The risk of sovereign … Transactions' De Grauwe, Paul and Yuemei Ji (2012) 'Mispricing of Sovereign Risk and Multiple Equilibria in the Eurozone', Journal … President of the European Central Bank, promised on 26 July to do â??whatever it takesâ?? to restore confidence in the euro area …