Principles of Banking - N1577
Seminar 8. Central Banking
Question 1.
What are the similarities and differences between European Central Bank and Federal Reserve System?
Question 2.
What are the advantages and disadvantages of quantitative easing as an alternative to conventional monetary policy when short-term interest rates are at the zero lower bound?
Question 3.
Referring to the article “The European Central Bank as a lender of last resort”, explain why ECB was not able to fully play its LOLR role during the Eurozone crisis?