|Author (Person)||Stolz, Stéphanie Marie, Wedow, Michael|
|Publisher||Centre for European Policy Studies [CEPS], Leibniz Information Centre for Economics [ZBW], Springer|
|Series Details||Volume 45, Number 6, Pages 385-392|
|Publication Date||November 2010|
|Content Type||Journal Article|
The extensive public sector measures in support of the financial sector have been key to managing the financial crisis that erupted in mid-2007 and intensified after the bankruptcy of Lehman Brothers. This article looks into the measures taken by central banks to contain the impact of the crisis. This article reviews and compares the measures adopted by the Eurosystem, the Bank of England (BoE) and the Federal Reserve System (Fed). A complementary article, to appear in a subsequent issue, will deal with governments’ responses to the crisis.
|Subject Categories||Economic and Financial Affairs|
|Keywords||European Central Bank [ECB], Financial Crisis [2007-2008], National Central Banks