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The times they are a-changin’…
02.10.2007This Thursday, the ECB will leave interest rates unchanged. The strength in the euro and the tight credit market conditions have already led to a significant tightening in policy.
The economic consequences of the Bernanke put
19.09.2007The Bank of England has bailed a bulding society. The Fed has bailed out Wall Street. ECB Watch looks at the consequences of the Bernanke put for the immediate future, and for the long-term viability of inflation targeting.
What has gotten into Mervyn King?
14.09.2007The day after Mervyn King lectures the ECB about moral hazards, he bails out a reckless mortgage lender. The govenor and his central bank now look like fools.
The ECB and its Watchers - almost a decade
09.09.2007A couple of points from the ninth annual conference "The ECB and its Watchers", held in Frankfurt, on Friday, September 7. A debate about euro area accession, and some theories about the credit crisis.
Get used to 4% - Lessons from the Credit Crunch
27.08.2007Euro interest rates may peak at 4%, but don't expect any sharp moves downwards if and when the crisis unfolds. This time, the ECB is not going to follow a largely discredited Fed.








