Towards a New Euro Crisis?
Abstract There is thus a fundamental credibility issue about the willingness of the ECB to be a lender of last resort in the government bond markets. This will continue to make the eurozone a fragile construction. As a result, the possibility of a future euro crisis cannot be excluded.
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| Main Author: | |
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| Format: | Article |
| Language: | English |
| Published: |
Springer
2022-10-01
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| Series: | Intereconomics |
| Online Access: | https://doi.org/10.1007/s10272-022-1078-x |
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| Summary: | Abstract There is thus a fundamental credibility issue about the willingness of the ECB to be a lender of last resort in the government bond markets. This will continue to make the eurozone a fragile construction. As a result, the possibility of a future euro crisis cannot be excluded. |
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| ISSN: | 1613-964X |