Abstract
The paper proposed by Dr. Francesco Drudi, Alain Durré and Francesco Mongelli to the EUSI International Conference (hereafter “the Drudi paper”) gives a detailed and skillful explanation on the institutional framework of the Eurosystem and ECB’s activities to deal with the euro crisis in the period 2007–2011. The paper especially focuses on the so-called non-standard monetary policy, which has been a controversial issue in advanced countries during the crisis period. It has also been a conflicting issue among EMU countries and even within the ECB. I begin my comments from this new area of central banking and then step into wider issues.
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© 2013 Springer Japan
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Tanaka, S. (2013). Comment Paper to Chapter “The European Central Bank and Implications of the Sovereign Debt Crisis”. In: Kaji, S., Ogawa, E. (eds) Who Will Provide the Next Financial Model?. Springer, Tokyo. https://doi.org/10.1007/978-4-431-54282-7_6
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DOI: https://doi.org/10.1007/978-4-431-54282-7_6
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Publisher Name: Springer, Tokyo
Print ISBN: 978-4-431-54281-0
Online ISBN: 978-4-431-54282-7
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