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gongtianyu铁杆木虫 (正式写手)
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Behind the ECB’s Wall of Money
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Throughout the crisis period, the European Central Bank’s behavior has been conditioned by the tension between what it can do and what it is allowed to do. The ECB is the only institution in the European Union that is able to provide unlimited funding to governments, but its governing statute prohibits government bailouts. Nonetheless, the ECB has provided large amounts of liquidity to the financial system, indirectly softening the pressure on government debt refinancing. For 18 months, it has been buying government bonds – worth more than [ Last edited by gongtianyu on 2012-1-23 at 23:25 ] |
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gongtianyu
铁杆木虫 (正式写手)
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3楼2012-01-23 23:21:39
gongtianyu
铁杆木虫 (正式写手)
- 应助: 0 (幼儿园)
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5楼2012-02-09 22:05:43