Quantitative Easing in the Eurozone
Tim Hall
30 years: Debt capital markets
In the last video of the series, Tim discusses the various policy actions of the European Central Bank since the Great Recession, and how these monetary policy initiatives have been used alongside various other projects supported by Eurozone member states, the European Union more broadly and the IMF.
In the last video of the series, Tim discusses the various policy actions of the European Central Bank since the Great Recession, and how these monetary policy initiatives have been used alongside various other projects supported by Eurozone member states, the European Union more broadly and the IMF.
Quantitative Easing in the Eurozone
19 mins 54 secs
After a series of accommodative monetary policy initiatives, including lower bank deposit rates, sterilised purchases of government bonds and collateralised lending to banks, the Eurozone managed to stabilise itself in 2012. The establishment of European supranationals like the EFSF played a critical role in this respect. However, the inflation levels during 2014 drove the ECB to embark on a QE programme - they were impactful, however, deflation and low growth have resurfaced.
Key learning objectives:
What were the sovereign debt concerns in Europe?
What steps were taken to address the crisis in the Eurozone?
How effective were the ECB\\\'s QE programmes?
Tim Hall
10:44
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