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L’organetto di Draghi: quattro lezioni critiche sulle misure non convenzionali della ECB sino al Quantitative Easing

Author

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  • Sergio Cesaratto

    (University of Siena)

Abstract

The primary purpose of these lectures is didactic. They show the development of the ECB intervention from 2008 to 2015 taking the evolution of the consolidated balance sheet of the Eurosystem as reference point. They endorse the theory of endogenous money as theoretical landmark.

Suggested Citation

  • Sergio Cesaratto, 2015. "L’organetto di Draghi: quattro lezioni critiche sulle misure non convenzionali della ECB sino al Quantitative Easing," a/ Working Papers Series 1510, Italian Association for the Study of Economic Asymmetries, Rome (Italy).
    • Handle: RePEc:ais:wpaper:1510
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    More about this item

    Keywords

    Eurosystem; Euro; European Central Bank; Balance Sheet; Endogenous Money; Quantitative Easing; Monetary Policy; TARGET 2; Long Term Refinancing Operation; Outright Monetary Transactions.;
    All these keywords.

    JEL classification:

    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • F45 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Macroeconomic Issues of Monetary Unions

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