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

Sergio Cesaratto ()

No 1510, a/ Working Papers Series from Italian Association for the Study of Economic Asymmetries, Rome (Italy)

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.

Keywords: Eurosystem; Euro; European Central Bank; Balance Sheet; Endogenous Money; Quantitative Easing; Monetary Policy; TARGET 2; Long Term Refinancing Operation; Outright Monetary Transactions. (search for similar items in EconPapers)
JEL-codes: E40 E50 F33 F36 F45 (search for similar items in EconPapers)
Pages: 64 pages
Date: 2015-11
New Economics Papers: this item is included in nep-acc and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:ais:wpaper:1510

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