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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Working Paper ; No. 639

Classification and Topics

• Classification: 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
• Subject: exchange rates ; asset-price inflation ; monetary policy

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Hudson, Michael
• Event: Veröffentlichung
• (who): Levy Economics Institute of Bard College
• (where): Annandale-on-Hudson, NY
• (when): 2010

Further information

• Handle: http://hdl.handle.net/10419/57071
• Last update: 10.03.2025, 11:47 AM CET