Sylvester Eijffinger is Professor of Financial Economics at Tilburg University in the Netherlands.
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Sylvester Eijffinger
Commentaries by Sylvester Eijffinger
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The Eurozone’s Uncertainty Principle
TILBURG – If there is one thing that financial markets detest, it is prolonged uncertainty. But, since the eurozone crisis began, policymaki…
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Independence Lost
TILBURG – Every major economic crisis has its victims. Some bounce back, while others experience long-lasting, even permanent, damage. When …
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The Age of Financial Repression
TILBURG – Following his re-election, US President Barack Obama almost immediately turned his attention to reining in America’s rising nation…
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Europe’s Crisis Goes to Court
TILBURG – Throughout Europe and beyond, economists are debating potential solutions to the eurozone’s sovereign-debt crisis. But these discu…
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Exit and Enforcement in the Eurozone
TILBURG – In 1992, the Maastricht Treaty set rules for European countries’ public finances that would facilitate economic integration. The S…
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Re-Energizing the Eurozone
UTRECHT – As Europe’s sovereign-debt crisis threatens to unravel the common currency and roils the region’s banks, Europe’s pioneering “gree…
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The Coming Fed Fight
TILBURG – There is no longer much doubt that Mitt Romney will be the Republican Party’s nominee to challenge President Barack Obama in the U…
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The West’s Punch Bowl Monetary Policy
TILBURG – There are times for thinking and acting outside the box. And then there are times to return to normality. The West’s major central…
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Who Next at the ECB Helm?
TILBURG, THE NETHERLANDS – Two years ago, the leaders of the world’s central banks were considered heroes for their efforts in preventing fi…
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Our Deep Debt Future
TILBURG, NETHERLANDS – The 1980’s was the decade in which high inflation was supposedly consigned to the dustbin of history, while the 1990’…
Independence Lost
Marinus Huizer: I think these comments are unfair. Dr Eijffinger laments the erosion of CB independence. Of course when the BoE or de Fed (by now a giant hedge fund) buy gvt paper outright they monetize gvt debt. Wha…
Independence Lost
Jaroslaw Przybyl: 90% of new treasury bonds are expected to be purchased by FED in 2013, Bank of Japan is already holding 30% of treasuries in Japan. How Japan or US would be able to finance its debt in the absence of…