Draghi draining credit from eurozone, says ‘father of QE’
Central banks across Europe have been draining money from the financial system for the last two years, in what amounts to negative quantitative easing, according to the man who coined the term.
The inventor of the concept of quantitative easing, Professor Richard Werner of Southampton University, told The Sunday Business Post that his analysis of central bank asset purchasing data across the eurozone shows that instead of pumping money into the system, European Central Bank...
Subscribe from just €1 for the first month!
What's Included
With any subscription you will have access to
-
Unlimited multi-device access to our iPad, iPhone and Android Apps
-
Unlimited access to our eReader library
-
Exclusive daily insight and opinion seven days a week
-
Create alerts to never miss a subject that matters to you
-
Get access to exclusive offers for subscribers on gifts and experiences
-
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Related Stories
Edel Coffey: The long, slow liberation of getting old
The writer Fran Lebowitz, whose witty takes on modern life have won her a youthful new fanbase, epitomises the fabulous freedom of getting older
Nadine O’Regan: What is it that we do in nightclubs again?
It’s been so long since any of us have been on a dancefloor it’s no surprise we’ve totally forgotten how nightclubs even work
Elaine Byrne: Establishing the truth about the 3,269 murders of the Troubles will always be in the public interest
Dennis Hutchings’s death raises difficult questions about who should be put through a trial process but the fact remains that victims of the Troubles deserve justice
The Last Post: It seems that the temporary rise in inflation is likely to become permanent
Rising inflation is here to stay – which means supply-chain issues, spiralling utility prices and demands for higher wages are also not going anywhere
