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How not to be a lender of last resort

de Grauwe, Paul (2012) How not to be a lender of last resort. CEPS commentaries, Centre for European Policy Studies (CEPS), Brussels, Belgium.

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Abstract

While acknowledging that the massive amounts of liquidity injected into the eurozone banking system by the ECB were absolutely necessary to save Europe’s banking system, Paul De Grauwe now criticizes these lender-of-last-resort operations as ill-designed, making it likely that the ECB will have to discontinue them in the not so distant future.

Item Type: Monograph (Other)
Official URL: http://www.ceps.eu/
Additional Information: © 2012 CEPS
Library of Congress subject classification: H Social Sciences > HG Finance
Sets: Departments > European Institute
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 07 Aug 2013 14:20
URL: http://eprints.lse.ac.uk/51511/

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