Thoughts on Monetary Policy: A European Perspective
Author(s): de Larosière, Jacques
ISBN: ISBN 1-56708-171-1
In this paper, Jacques de Larosière discusses the role of monetary policy in the financial system, particularly analysing the monetary policy decisions in the Eurozone after the 2007-08 global financial crisis.
He specifically examines the question of how well suited various unconventional monetary policies are suited to the Eurozone, and comes to the conclusions that the conditions that explain the success of unconventional monetary policies in the United States are not necessarily transferable to Europe and that the present market volatility in Europe is related to these policies.