Greece is Solvent But Illiquid: what Should the ECB Do?
Auteur : Paul de Grauwe
Date de publication : 2015
Éditeur : Centre for European Policy Studies
Nombre de pages : 3
Résumé du livre
"In a new CEPS Commentary, Paul De Grauwe argues that the Greek government is solvent but is trapped in a liquidity dilemma in which cannot find liquidity because markets believe it cannot find liquidity. He then explores the role of the European Central Bank in this self-fulfilling problem and ask specifically whether its outright monetary transactions (OMT) programme, introduced in September 2012, should be used to ease the constraints on Greece."--Publisher description