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Despite past criticisms, the European Central Bank has prevented a meltdown of EU banks and helped to stave off a global depression

By Stefan Collignon

Abstract

With the leadership of the European Central Bank set to change hands in November, Stefan Collignon assesses the bank’s performance under the outgoing president Jean- Claude Trichet, and finds that ECB under his leadership prevented meltdown of the European banking system and averted a global depression

Topics: HB Economic Theory, HG Finance
Publisher: Blog post from London School of Economics & Political Science
Year: 2011
OAI identifier: oai:eprints.lse.ac.uk:39425
Provided by: LSE Research Online

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