60.1K
Verified Solution
Link Copied!
Question 1
(a) Explain the following terms:
(i) Open Market Operations
(ii) Negative Interest Rates
(iii) Inflation target
(iv) Dollarization
(b) Discuss the case for independence of central banks.
(c) Critically assess the effectiveness and impact of Quantitative Easing used by ECB to resolve the problem of economic stagnation and low inflation.
(d) Critically assess the role of the IMF as a lender of last resort, especially in dealing
with the Euro crisis.
Answer & Explanation
Solved by verified expert
