To stabilize the Eurozone, the ECB must set aside its fears and start buying governments’ bonds

de Grauwe, Paul ORCID: 0000-0001-5225-1301 (2012) To stabilize the Eurozone, the ECB must set aside its fears and start buying governments’ bonds. LSE European Politics and Policy (EUROPP) Blog (31 Jul 2012). Website.

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Abstract

Government bond markets in Europe remain volatile, with Spanish and Italian bond rates at near unsustainable levels. Paul De Grauwe argues that the only institution that can stabilize these markets by buying government bonds is the European Central Bank (ECB). The ECB must now overcome its risk averse nature and take advantage of its virtually infinite resources to help to successfully restore financial stability.

Item Type:	Online resource (Website)
Official URL:	http://blogs.lse.ac.uk/europpblog/
Additional Information:	© 2012 The Author
Divisions:	European Institute
Subjects:	H Social Sciences > HC Economic History and Conditions J Political Science > JA Political science (General) J Political Science > JN Political institutions (Europe)
JEL classification:	F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance
Date Deposited:	19 Sep 2012 13:44
Last Modified:	11 Dec 2024 12:53
URI:	http://eprints.lse.ac.uk/id/eprint/46170

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