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Notes
See the transcript of the monthly press conferences where Jean-Claude Trichet intervened, since November 2003, as the spoke-person for the European Central Bank Governing Council.
The net exports contribution to the growth rate of US GDP has been successively 0.6 and 1.2 in 2007 and 2008 after having been −0.5 on average between 2000 and 2005.
The ECB has also enlarged the list of financial assets eligible as collateral to access liquidity.
References
Aglietta M, Mojon B (2009) “Central Banking”, Handbook of Banking, Berger A, Molyneux PH, Wilson J (Editeur), to be published by Oxford University Press
AcharyaV, Schnabl P (2008) How banks played the leverage “Game”? NYU Stern White Paper. Executive summary of Restoring Financial Stability: How to Repair a Failed System, Chapter 2
Greenspan A (2008) Testimony to congress, 23 October 2008
Taylor J, Williams J (2007) A black swan in the money market, NBER Working paper 13943
Trichet J.-C (2003–2007) Transcript of press conferences on the first Thursday of the Month, www.ecb.int
Further Reading
European Central Bank (2004) The Monetary Policy of the ECB, www.ecb.int
Goodhart C (1988) The evolution of central banks. The MIT, Cambridge
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Head, Monetary Policy Research Division, Banque de France. The views expressed in this paper do not reflect the view of the Banque de France or the Eurosystem.
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Mojon, B. The 2007–2009 Financial Crisis and the European Central Bank. Open Econ Rev 21, 175–182 (2010). https://doi.org/10.1007/s11079-009-9151-7
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DOI: https://doi.org/10.1007/s11079-009-9151-7