Could an obscure provision of European monetary policy known as emergency liquidity assistance undermine the European Central Bank's control of monetary policy and allow monetary free riders to subvert the euro, as happened two decades ago in the 15-nation post-Soviet ruble area? This slideshow explains why it is extremely unlikely.
Keywords: Monetary policy, emergency liquidity assistance, euro, ruble
About My Slideshows
This annex is intended as a convenient interface for access to the slide shows that are a key feature of my blog. If you have landed in the annex by accident, click here to return to the main blog.
I originally intended the slide shows mainly for classroom use. If you teach economics at any level, I invite you to cut and paste them into your live lectures, incorporate them into your on-line courses, assign them to your students as readings, or use them in any way that works for you. If you like the slides, I invite you also to consider adopting my own textbook from BVT Publishing.
For general readers of my blog, the slide shows offer a way to explore a topic in greater depth than is possible in the basic post, through added data, graphs, pictures, and background theory and concepts. I hope all readers enjoy them.
The slide shows are published under Creative Commons license Attribution--Share Alike 3.0. That means you can share, transmit, distribute, or adapt the slides for any purpose, provided you cite Ed Dolan's Econ Blog as the source, and your resulting publication is not more restrictively licensed than the original.
I originally intended the slide shows mainly for classroom use. If you teach economics at any level, I invite you to cut and paste them into your live lectures, incorporate them into your on-line courses, assign them to your students as readings, or use them in any way that works for you. If you like the slides, I invite you also to consider adopting my own textbook from BVT Publishing.
For general readers of my blog, the slide shows offer a way to explore a topic in greater depth than is possible in the basic post, through added data, graphs, pictures, and background theory and concepts. I hope all readers enjoy them.
The slide shows are published under Creative Commons license Attribution--Share Alike 3.0. That means you can share, transmit, distribute, or adapt the slides for any purpose, provided you cite Ed Dolan's Econ Blog as the source, and your resulting publication is not more restrictively licensed than the original.
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