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.
PUBLISHED3. APRIL 2020
READING TIME1 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.
Another attempt to explain current events to my students — this time (at student request) focusing on @ericlonners argument for using ‘dual rates’ and helicopter money. Why we don’t just use fiscal policy? The reason is market access. It’s long (30 mins) https://t.co/x80xTFPCTs
— Erik Jones (@Erik_Jones_SAIS) April 3, 2020