Central Banking and the Crisis. A Comparison of the Federal Reserve and the European Central Bank Measures, and the ECB’s Changing Role in the EU Economic Governance System

Roman Czubala, Marcin; Puente Regidor, Mónica

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dc.creator	Roman Czubala, Marcin
dc.creator	Puente Regidor, Mónica
dc.date	2016-06-15
dc.date.accessioned	2022-03-22T19:39:20Z
dc.date.available	2022-03-22T19:39:20Z
dc.identifier	https://revistas.uexternado.edu.co/index.php/oasis/article/view/4529
dc.identifier	10.18601/16577558.n23.08
dc.identifier.uri	http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/100756
dc.description	The European Central Bank (ECB) has received a lot of criticism for its too little, too late performance to ease market pressures during the economic crisis. At the same time, the ECB and the Federal Reserve (FED) have managed the new economic realities that have emerged in the international context differently. Despite the criticisms, the European Central Bank is the European Union institution that has assumed more control due to the new model of economic governance of the EU. Why did the Federal Reserve act so nimbly and quickly to calm the markets, while the ECB was so cautious in managing monetary policy? The aim of this paper is to perform a comparative analysis of the management of interest rates and other monetary policy measures undertaken by the Central Bank and the Federal Reserve during the economic crisis, as well as to understand the changes in the context of the ECB and the emergence of its authority within the European Union’s economic governance model since 2011. Thus, in order to carry out a scrupulous exposition, we will also limit the time frame of this study to the 2007-2014 period.	es-ES
dc.format	application/pdf
dc.format	text/html
dc.format	application/xml
dc.language	eng
dc.language	spa
dc.publisher	Facultad de Finanzas, Gobierno y Relaciones Internacionales	es-ES
dc.relation	https://revistas.uexternado.edu.co/index.php/oasis/article/view/4529/5204
dc.relation	https://revistas.uexternado.edu.co/index.php/oasis/article/view/4529/5457
dc.relation	https://revistas.uexternado.edu.co/index.php/oasis/article/view/4529/9075
dc.source	OASIS; No. 23 (2016): Enero-Junio; 147-167	en-US
dc.source	OASIS; Núm. 23 (2016): Enero-Junio; 147-167	es-ES
dc.source	2346-2132
dc.source	1657-7558
dc.subject	European Central Bank	es-ES
dc.subject	Federal Reserve	es-ES
dc.subject	monetary policy	es-ES
dc.subject	crisis	es-ES
dc.subject	European	es-ES
dc.title	Central Banking and the Crisis. A Comparison of the Federal Reserve and the European Central Bank Measures, and the ECB’s Changing Role in the EU Economic Governance System	es-ES
dc.type	info:eu-repo/semantics/article
dc.type	info:eu-repo/semantics/publishedVersion