Paul De Grauwe
Paul De Grauwe's Latest Articles | 4
Why the ECB Refuses to be a Lender of Last Resort
The euro has a matter of weeks to save itself, with several institutions now preparing for its collapse. Given this, why does the ECB still refuse to bail out Europe’s... Read »
The European Central Bank as a Lender of Last Resort
With the Eurozone crisis casting doubt over the solvency of Spain and Italy, the ECB has once again intervened to provide liquidity in the government bond markets.... Read »
To Coordinate or Not to Coordinate
A key issue at the G20 is coordinating exit strategies. Empirical research suggests that demand spillovers from fiscal policy are sufficiently small that uncoordinated... Read »
Eurozone: The Politics of the Maastricht Convergence Criteria
This column shows that the Maastricht convergence criteria are political instruments, not economically vital measures. They were ignored in 1998 so as to facilitate... Read »







