de Grauwe, Paul (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) Blog Entry.
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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:||Website (Blog Entry)|
|Additional Information:||© 2012 The Author|
|Library of Congress subject classification:||H Social Sciences > HC Economic History and Conditions
J Political Science > JA Political science (General)
J Political Science > JN Political institutions (Europe)
|Journal of Economic Literature Classification System:||F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance|
|Sets:||Departments > European Institute
Collections > Economists Online
Collections > LSE European Politics and Policy (EUROPP) Blog
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