Sylvester Eijffinger
Sylvester Eijffinger is Professor of Financial Economics at Tilburg University in the Netherlands.
Sylvester Eijffinger is Professor of Financial Economics at Tilburg University in the Netherlands.
The ECB Governing Council has just decided to increase bond purchases further, from €60 billion to €80 billion per month, and to reduce, again, the deposit rate, to -0.4%. The monetary authorities hav… read more
At the end of November, the credit-rating agency Standard & Poor’s stripped the Netherlands of its coveted triple-A status. This should raise serious concerns for the most important eurozone member of… read more
The Fed's decision to sustain quantitative easing for at least another month is the latest reflection of a fundamental shift in central banks' approach to monetary policy. What was once standard has b… read more
While existing EU institutions were always unlikely to implement a common deposit-guarantee system on their own, the formation of a European banking union will naturally lead to such a scheme. Europe’… read more
Now that the US Federal Reserve's quantitative-easing program has achieved its goal of kick-starting the economy, it is time to exit the policy. But whichever course the Fed chooses could have serious… read more
Anti-euro groups hope that the German Constitutional Court will rule that the ECB's "outright monetary transactions" program not violates the EU treaties or Germany’s constitution. But the court lacks… read more
Eurozone leaders have repeatedly been forced to resort to ad hoc, unpredictable measures to keep even non-compliant countries in the the monetary union. To restore balance and reassure financial marke… read more
Since 2008, advanced countries' central banks have broken a decades-old commandment: Thou shalt not engage in monetary financing of government spending. While many of these banks have never been truly… read more
Given low economic growth and the unpopularity of tax hikes and spending cuts, many Western governments are seeking alternative solutions to rein in rising national debt. But many of the policies that… read more
