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Financial crisis resolution and federal reserve governance : economic thought and political realities
Shull, Bernard - 2014
Reserve if and when its policies are misguided or abusive. This paper traces the principal changes in governance of the … policy has been challenged. The aim is to identify relevant issues regarding governance and to establish a basis for change …, if needed. It describes the governance mechanism established by the Federal Reserve Act in 1913, traces the passing of …
Persistent link: https://www.econbiz.de/10010230549
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From common market to EMU : a historical perspective of European economic and monetary integration
Arestis, Philip; MacCauley, Kevin; Sawyer, Malcolm - 1999
Persistent link: https://www.econbiz.de/10001362991
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Minsky's analysis, the European single currency, and the global financial system
Sawyer, Malcolm - 1999
Persistent link: https://www.econbiz.de/10001366017
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The independent European Central Bank : Keynesian alternatives
Arestis, Philip - 1999
Persistent link: https://www.econbiz.de/10001397521
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Going forward from B to A? : proposals for the Eurozone crisis
Amato, Massimo; Fantacci, Luca; Papadimitriou, Dimitri Basil - 2016
After reviewing the main determinants of the current eurozone crisis, this paper discusses the feasibility of introducing fiscal currencies as a way to restore fiscal space in peripheral countries, like Greece, that have so far adopted austerity measures in order to abide by their commitments to...
Persistent link: https://www.econbiz.de/10011481615
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The Greek public debt problem
Nikiforos, Michalis; Papadimitriou, Dimitri Basil; … - 2016
This paper examines the issue of the Greek public debt from different perspectives. We provide a historical discussion of the accumulation of Greece's public debt since the 1960s and the role of public debt in the recent crisis. We show that the austerity imposed since 2010 has been unsuccessful...
Persistent link: https://www.econbiz.de/10011481630
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From antigrowth bias to quantitative easing : the ECB's belated conversion?
Bibow, Jörg - 2016
This paper investigates the European Central Bank's (ECB) monetary policies. It identifies an antigrowth bias in the bank's monetary policy approach: the ECB is quick to hike, but slow to ease. Similarly, while other players and institutional deficiencies share responsibility for the euro's...
Persistent link: https://www.econbiz.de/10011481632
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Integration, spurious convergence, and financial fragility : a post-Keynesian interpretation of the Spanish crisis
Pérez Caldentey, Esteban; Vernengo, Matías - 2015
The Spanish crisis is generally portrayed as resulting from excessive spending by households, associated with a housing bubble and/or excessive welfare spending beyond the economic possibilities of the country. We put forward a different hypothesis. We argue that the Spanish crisis resulted, in...
Persistent link: https://www.econbiz.de/10011349393
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The Euro's savior? : assessing the ECB's crisis management performance and potential for crisis resolution
Bibow, Jörg - 2015
This study assesses the European Central Bank’s (ECB) crisis management performance and potential for crisis resolution. The study investigates the institutional and functional constraints that delineate the ECB’s scope for policy action under crisis conditions, and how the bank has actually...
Persistent link: https://www.econbiz.de/10011349470