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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


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
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Provided by: LSE Research Online

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