Abstract
A decade from now, most likely, Harvard University will make a case study of what has happened from the 2007 crisis till now, asking graduate students to comment whether monetary policy by Western central banks was ahead of the curve or off the rails. An integral part of this case study would be the fact that in Euroland alone 18 million people have been out of work with a staggering 55 percent of young people unemployed in Greece and Spain—and with millions more unemployed in the United States.
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Notes
Niall Ferguson, The Ascent of Money (New York: Penguin Books, 2008).
D. N. Chorafas, Household Finance: Adrift in a Sea of Red Ink (London: Palgrave Macmillan, 2013).
Thomas R. Martin, Herodotus and Sima Quin (Boston: Bedford/St. Martin’s, 2010).
Barry Strauss, The Battle of Salamis (New York: Simon & Schuster, 2005).
Nathan Miller, F.D.R.: An Intimate History (New York: Meridian, New American Library, 1983).
D. N. Chorafas, Breaking Up the Euro: The End of a Common Currency (New York: Palgrave Macmillan, 2013).
Angus Burgin, The Great Persuasion: Reinventing Free Markets since the Depression (Cambridge, MA, and London: Harvard University Press, 2012).
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© 2013 Dimitris N. Chorafas
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Chorafas, D.N. (2013). Epilogue. In: The Changing Role of Central Banks. Palgrave Macmillan, New York. https://doi.org/10.1057/9781137332288_11
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DOI: https://doi.org/10.1057/9781137332288_11
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