Central banking and the crisis A comparison of the Federal Reserve and the European Central Bank measures, and the ECB´s changing role in the EU economic governance system

Simple item page
dc.contributor.authorPuente Regidor, Mónica
dc.contributor.authorCzubala Ostapiuk, Marcin
dc.date.accessioned2024-01-31T09:17:26Z
dc.date.available2024-01-31T09:17:26Z
dc.date.issued2016
dc.description.abstractThe European Central Bank (ECB) has received a lot of criticism for its too little, too late performance to ease market preassures during the economic crisis. At the same time, the ECB and the Federal Reserve (FED) has managed the new economic realities that have emerged in the international context differently. Despite the criticisms, the European Central Bank is the European Union institution that has assumed more control due to the new model of economic governance of the EU. Why did the Federal Reserve act to nimbly and quickly to calm the markets, while the ECB was so cautious in managing monetary policy? The aim of this paper is the perform a comparative analysis of the management of interest rates and other monetary policy measures undertaken by the Central Bank and the Federal Reserve during the economic crisis, as well as to understand changes in the context of the ECBand emergence of its authority within the European Union´s economic governance model since 2011. Thus, in order to carry out a scrupulous exposition, we will also limit the time frame of this study to the 2007-2014 period.
dc.description.departmentDepto. de Economía Aplicada, Pública y Política
dc.description.facultyFac. de Ciencias Políticas y Sociología
dc.description.refereedTRUE
dc.description.statuspub
dc.identifier.citationRoman Czubala, M. y Puente Regidor, M. 2016. Central Banking and the Crisis. A Comparison of the Federal Reserve and the European Central Bank Measures, and the ECB’s Changing Role in the EU Economic Governance System. Oasis. 23 (jun. 2016), 147–167. DOI:https://doi.org/10.18601/16577558.n23.08.
dc.identifier.doi10.18601/16577558.n23.08
dc.identifier.issn1667-7558
dc.identifier.officialurlhttps://www.doi.org/10.18601/16577558.n23.08
dc.identifier.urihttps://hdl.handle.net/20.500.14352/96917
dc.issue.number1
dc.journal.titleOASIS. Observatorio de análisis de los sistemas internacionales
dc.language.isoeng
dc.page.final167
dc.page.initial147
dc.publisherUniversidad Externado de Colombia
dc.rightsAttribution-NonCommercial-ShareAlike 4.0 Internationalen
dc.rights.accessRightsopen access
dc.rights.urihttp://creativecommons.org/licenses/by-nc-sa/4.0/
dc.subject.keywordEuropean Central Bank
dc.subject.keywordFederal Reserve
dc.subject.keywordMonetary policy
dc.subject.keywordCrisis
dc.subject.keywordEuropean Union
dc.subject.ucmCiencias Sociales
dc.subject.unesco59 Ciencia Política
dc.titleCentral banking and the crisis A comparison of the Federal Reserve and the European Central Bank measures, and the ECB´s changing role in the EU economic governance system
dc.typejournal article
dc.type.hasVersionVoR
dc.volume.number23
dspace.entity.typePublication
relation.isAuthorOfPublication434d254e-9cc9-4ff6-8897-c9be8c335e1c
relation.isAuthorOfPublication.latestForDiscovery434d254e-9cc9-4ff6-8897-c9be8c335e1c
Download
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Central_banking_and_the_crisis.pdf
Size:
194.49 KB
Format:
Adobe Portable Document Format
downoload Download
Collections
Artículos