“Limits and pitfalls of QE in emerging markets” By Daniel Dăianu, courtesy of CASE The pandemic caused by COVID-19 has shocked the whole world and is another huge blow to the world economy after the financial crisis that erupted in 2008. A sanitary crisis is interweaving with a very severe economic and social crisis. […]
Tag: quantitative easing
Christine Lagarde at the ECB: chronicle of a failure foretold
By Etienne Chaumeton, courtesy of IREF In economics, the future is necessarily uncertain, because it is subject to the decisions of a multitude of individual actions. The recent arrival of Christine Lagarde to the presidency of the European Central Bank (ECB) on November 1, 2019, however, seems to mark the first stage of […]
“This is a mess”: QE isn’t working – and neither is government
By Erik Sass, TES Editor-in-Chief Collectively and individually the countries of Europe face economic problems that they are either unwilling or unable to confront due to a lack of political courage, despite the availability of effective remedies. That was the bleak takeaway from a panel discussion of economic and political experts at the […]
Will Blockchain Undermine Central Bank Control – Or Amplify It?
By Erik Sass, TES Editor-in-Chief Since the launch of Bitcoin in 2009 cryptocurrencies have proliferated, powered by blockchain technology using distributed computing platforms. Many have grown with the belief that they will remain free from the control of central banks and treasuries, thus providing an alternative to fiat currencies, whose value may change […]
ECB stimulus is on collision course with German constitution
“The euro and the German constitution” By Prince Michael of Liechtenstein, courtesy of GIS (Ed: revisiting in light of the fresh legal challenge in Germany to ECB bond-buying, filed October 8). Two legal challenges to the EU central bank’s most controversial policies have […]
EU needs banking overhaul
With the EU’s leadership in transition, there are a lot of ideas for the new powers that be to sort through (or ignore, as they case may be) when it comes to reforming the continent’s financial infrastructure. There are also mixed verdicts on central […]