Throughout the European debt soap opera, Europe’s leaders have expressed their willingness to “do whatever it takes” to restore stability and save the euro. This column argues that, too often, policymakers have in fact been “doing whatever it takes” to serve the banks.
Πηγή: Voxeu
NICHOLAS MULDER Governments are taking over private enterprises and resources at the fastest pace in 50 years. Based on the past century’s multiple waves of
Bernhard Bartels, Barry Eichengreen, Julian Schumacher, Beatrice Weder di Mauro The fiscal dominance view holds that politically captured central banks are more likely to be
