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The eurozone crisis: action taken by the European Central Bank (ECB)

Published Wednesday, October 24, 2012

This note discusses some of the 'unconventional' measures taken by the ECB in response to the euro crisis and the political controversy they have generated.

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In addition to conventional monetary policy (namely, the setting of interest rates), the ECB has undertaken a number of ‘unconventional’ measures in response to the financial crisis and subsequent eurozone debt crisis. This note discusses the purpose of some of these measures and the political controversy they have generated.

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