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    The role of the ECB in financial assistance programmes

    Sibert, Anne (2012) The role of the ECB in financial assistance programmes. Other. European Parliament.

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    Abstract

    In this note I describe the proper role for a well-designed central bank in resolving bank and sovereign debt crises: ensuring that markets and financial institutions, including sovereigns, remain liquid. I consider how much revenue the ECB can raise without be inflationary and how it can mobilise this revenue in support of the financial assistance programmes for illiquid but potentially solvent sovereigns.

    Metadata

    Item Type: Monograph (Other)
    School: Birkbeck Schools and Departments > School of Business, Economics & Informatics > Economics, Mathematics and Statistics
    Depositing User: Sarah Hall
    Date Deposited: 29 Apr 2014 12:36
    Last Modified: 29 Apr 2014 13:16
    URI: http://eprints.bbk.ac.uk/id/eprint/9639

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