Artikel

Eurozone Debt Monetization and Helicopter Money Drops: How Viable can this be?

After the outburst of the recent financial crisis, the subsequent unconventional monetary acting that seemed to be a veritable revolution tends to become a norm. This paper makes an effort to employ the modern monetary theory framework to address the nowadays recession in the Eurozone through the prism of debt perpetuation and the more drastic helicopter money drops. Dynamics of debt monetization and issues of its sustainability are examined in connection to its free liquidity injections capacity. The aim of this paper is to try to cast some light on the potential of overt money financing in the Eurozone (EZ) and its consequences on the ECB’s credibility and the maintenance of its efficacy.

Sprache
Englisch

Erschienen in
Journal: Journal of Central Banking Theory and Practice ; ISSN: 2336-9205 ; Volume: 6 ; Year: 2017 ; Issue: 3 ; Pages: 5-15 ; Warsaw: De Gruyter Open

Klassifikation
Wirtschaft
Monetary Policy
Central Banks and Their Policies
Thema
Unconventional monetary policy
Helicopter money
Debt monetization
Eurozone

Ereignis
Geistige Schöpfung
(wer)
Kyriazis, Νikolaos A.
Ereignis
Veröffentlichung
(wer)
De Gruyter Open
(wo)
Warsaw
(wann)
2017

DOI
doi:10.1515/jcbtp-2017-0018
Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Kyriazis, Νikolaos A.
  • De Gruyter Open

Entstanden

  • 2017

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