Tag Archives: Finance

The Role of the European Central Bank

Council of Foreign Relations: The Role of the European Central Bank – As Europe’s central bank moves aggressively to staunch the continent’s crisis, some critics are aski http://ow.ly/1mpCGn

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Filed under European Foreign Policy, European Union, Financial Crisis, Think Tank

Brookings: The Euro Crisis Faces Three Possible Scenarios

English: Various Euro bills.

Various Euro bills. (Photo credit: Wikipedia)

By Douglas J. Elliott, Brookings, August 9, 2012

Anyone who tells you that they know how the euro crisis is going to be resolved is either lying to you or to themselves. The situation is so complex that several quite different paths are possible. In this type of situation, smart analysts use scenario analysis and strive to put probabilities on the different outcomes, without making the mistake of thinking they can predict the future with accuracy. Events can change perceptions of the probabilities quickly and significantly, which is why we observed so much market volatility surrounding recent statements by the head of the European Central Bank… (more)  http://ow.ly/1lUayA

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CFR: This Will Not Be Enough, Mr. Draghi

Sebastian Mallaby

Sebastian Mallaby (Photo credit: Wikipedia)

By Sebastian Mallaby, Director of the Maurice R. Greenberg Center for Geoeconomic Studies and Paul A. Volcker Senior Fellow for International Economics, Council on Foreign Relations, August 8, 2012

Financial markets, it has often been observed, are thin and volatile in August. Much the same can unfortunately be said for crisis management in Europe. The latest initiative from the European Central Bank has cheered markets. But it appears too qualified to be a lasting game changer… (more) http://ow.ly/1lTQ4W

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Filed under Council on Foreign Relations (CFR), European Foreign Policy, European Union, Financial Crisis, Think Tank

ProSyn: Dos and Don’ts for the European Central Bank

 

European Central Bank

European Central Bank (Photo credit: kumbarov)

, Project Syndicate, July 29, 2012

Recent statements by European Central Bank President Mario Draghi and Bank Governor Ewald Nowotny have reopened the debate about the desirable limits to ECB policy. The issue is not just the ECB’s legal authority under the Maastricht Treaty, but, more importantly, the appropriateness of alternative measures. (more) http://ow.ly/1lIGI8

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Filed under European Union, Financial Crisis, Think Tank