The European Central Bank is now pursuing a very easy monetary policy.

Nor will ECB President Jean Claude Trichet be intimidated by French pressure to pursue a softer monetary policy.

From Central Bank to Central Planning?

The World s Central Banker

Whose Central Bank?

European Central Bank (ECB)

The naira was intended to bolster the country s independence by making it possible for the central bank to pursue its own monetary policy.

Otherwise, China s central bank must focus on keeping the exchange rate stable and doesn t have a truly independent monetary policy.

NEW YORK The European Central Bank has finally launched a policy of quantitative easing (QE). The key question at this stage is whether Germany will give the ECB the freedom of maneuver needed to carry out this monetary expansion with sufficient boldness.

The ECB s policy was not inflationary, because the aggregate stock of central bank money in the eurozone was unaffected.

The problem comes when expansionary monetary policy via standard open market operations and central bank guarantees of orderly markets prove insufficient.

The ECB and Its Critics

The ECB Grows Up

The Naked ECB

Of course, there are German economists (not to mention Chancellor Angela Merkel s government) who support ECB President Mario Draghi s policies.

And the European Central Bank will also blithely continue its bailout policy in terms of giving loans to the eurozone s troubled members and purchasing their government bonds.

The ECB s Faulty Weapon

Europe s Central Bank at Sea

The ECB s Lethal Inhibition

A quantitative easing policy in which a central bank buys risky assets can prevent price fluctuations and restore the value of financial wealth.

The ECB s Leap into the Unknown

Behind the ECB s Wall of Money

The European Central Bank also lost its credibility.

Out of Step at the ECB

The ECB Picks Up The Pace

The ECB s Honeymoon is Over

The ECB s Secret Bailout Strategy

The ECB s Tone Deaf President

Germany s Case Against the ECB

Occupy Frankfurt in front of ECB.

This is not to argue, of course, that the ECB should cut interest rates now. On the contrary, the Bank s current policy of fighting inflationary pressures by slower growth, a stronger euro, and the credit crunch seems just about right for the time being.

To undermine the Tymoshenko cabinet even more, Ukraine s central bank, under the leadership of a presidential crony, is pursuing a policy that is importing high inflation.

The Central Bank serves as Azerbaijan's central bank, empowered to issue the national currency, the Azerbaijani manat, and to supervise all commercial banks.

Helping the ECB Cross the Rubicon

Ecb Is Now Europe s Anchor

Central Bank (Information and Financial Analysis Unit)

Central Bank (Information and Financial Analysis Unit)

By the end of 2010, ECB loans, which originated primarily from Germany s Bundesbank, amounted to 340 billion. This figure includes ECB credit that financed capital flight from Ireland totaling 130 billion over the past three years.

As the eurozone s central bank, rather than a lending institution, it does not have a clear role in negotiations on behalf of creditors.

The Swiss central bank recently adopted this position, and the ECB is worrying about higher inflation, not deflation, in the eurozone.

The European Central Bank must set monetary policy for the eurozone as a whole, even if that policy is highly inappropriate for some member countries.

LONDON The European Central Bank s recently announced policy of bond buying, what it calls outright monetary transactions (OMTs) marks a convergence of European central banks with their Anglo Saxon counterparts.

Is the ECB Doing Enough?

The ECB s New Macroeconomic Realism

John Stewart Mill vs. the European Central Bank