US "quantitative easing" is fracturing the global economy

Arbeitspapier

The Federal Reserve's quantitative easing is presented as injecting $600 billion into the economy. But instead of getting banks lending to Americans again - households and firms - the money is going abroad, through arbitrage interest-rate speculation, currency speculation, and capital flight. No wonder foreign economies are protesting, as their currencies are being pushed up.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Working Paper ; No. 639

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Monetary Policy, Central Banking, and the Supply of Money and Credit: General ; Central Banks and Their Policies ; International Lending and Debt Problems ; International Policy Coordination and Transmission ; Asset Pricing; Trading Volume; Bond Interest Rates
• Thema: exchange rates ; asset-price inflation ; monetary policy

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Hudson, Michael
• Ereignis: Veröffentlichung
• (wer): Levy Economics Institute of Bard College
• (wo): Annandale-on-Hudson, NY
• (wann): 2010

Weitere Informationen

• Handle: http://hdl.handle.net/10419/57071
• Letzte Aktualisierung: 10.03.2025, 11:47 MEZ