ECB Monetary Policy Response to the GFC
The European monetary union was created without the required fiscal union to back it up. Trevor discusses the consequences of this reality in terms of monetary policy implementation in response to the 2008 Financial Crisis.
Overview
The impact of the crisis was severe on peripheral European countries. In an attempt to combat this, the European Central Bank (ECB) were slow and ineffective in their responses, given its singular focus on inflation.
Key learning objectives:
Identify the effects of the Crisis on the Eurozone area
Judge whether the monetary policy responses were effective to combat the crisis
Summary
Expert
Trevor Pugh
Trevor has worked in finance since 1995. He started his career in investment banking after studying Law at Cambridge and taking a Masters Degree in Financial Services from University College Dublin. Trevor spent 18 years at Barclays investment bank where he became a Managing Director and head of Gilt trading. He currently works as Chief Operating Officer for a hedge fund.
