| <img border=0 src="http://shivnath.c.googlepages.com/Google.JPG"/>ECB - Policy rules and institutions in times of crisis - DeHavilland (press release) (subscription) Posted: 15 Sep 2011 02:23 AM PDT |
ECB - Policy rules and institutions in times of crisisDeHavilland (press release) (subscription)The framework works well but only to the extent that markets can properly assess the solvency of a country and calculate the risk premium, distinguishing solvency problems from liquidity problems. In other words, market discipline is effective and ...and more » |
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