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 Faculties and Schools > Faculty of Business and Law > Birkbeck Business School |
| Depositing User: | Sarah Hall |
| Date Deposited: | 29 Apr 2014 12:36 |
| Last Modified: | 02 Aug 2023 17:10 |
| URI: | https://eprints.bbk.ac.uk/id/eprint/9639 |
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