FINANCIAL WORLD

The Conflict of Interest on the Financial Market in Europe

How far can policymakers stretch the mandate of the ECB? Right now the central bank seems to be the institution burdened with organizing European solidarity. Erik Jones gives a detailed look into the current developments and explains how the banking sector functions.

BY

THORE BECKMANN

PUBLISHED

3. APRIL 2020

READING TIME

1 MIN

In this webinar, Erik Jones (Johns Hopkins) shows how the banking sector is operating and that the current policies that are being discussed are blurring the line between fiscal and monetary policy. But with the ECB widening its mandate, the question of democratic legitimization is gaining importance. Therefore, Erik Jones puts the European financial market into perspective and explains the differing opinions of debt-financed spending of Italy and Germany.

PREVIOUS ARTICLE Maja Göpel: A Social-Green Deal as the Answer
NEXT ARTICLE Simon’s Blog: America Is Having an Unemployment Apocalypse. Europe Chose Not to

ABOUT FINANCIAL WORLD

KNOWLEDGE BASE

More than a decade after the financial crisis there still seems to be something seriously wrong with the financial system. Financial markets still tend to periodically misprice risk and contribute to boom and bust cycles. A better financial system needs to discourage short-termism and speculative activity, curtail systemic risk and distribute wealth more broadly.

ARTICLE OVERVIEW