ECB sets the December table, European tales of drama and entanglement
Tuesday 17 November 2020Â –Â Vol.11 Ed.47.2
Commentary: ECB sets the December table
By Danae Kyriakopoulou in London
The European Central Bank, said Executive Board Member Yves Mersch, stands ready to ‘adjust all its instruments to the present circumstances’. Even with the pandemic emergency purchase programme, asset purchase programme and targeted long-term refinancing operations on the table, there are limits to what monetary policy can contribute to the recovery. Targeted fiscal support remains the most powerful and appropriate policy tool to address the economic effects of the pandemic.
Read the full commentary on the website.
Bank of England
Commentary: Tales of drama and entanglement
By David Marsh in London
Currency dramas linking the UK and continental Europe are tangled tales of confusion, intrigue and progressive estrangement. Harold James’ book on the 1979-2003 history of the Bank of England acts as a powerful companion volume to Six Days in September: Black Wednesday, Brexit and the making of Europe, by William Keegan, David Marsh and Richard Roberts. Both books provide important information about events leading up to the 2008 financial crisis and Britain’s 2016 Brexit referendum.
Read the full commentary on the website.
