Belke, Ansgar - Rheinisch-Westfälisches Institut für … - 2010
vagabonding global liquidity, there is a strong case for globally coordinating monetary exit strategies. Given unsurmountable … some Far Eastern economies. Coordination of monetary and fiscal exit would undermine ECB independence and is also …We develop a roadmap of how the ECB should further reduce the volume of money (money supply) and roll back credit …