Capital Wars by Michael J. Howell

Author:Michael J. Howell
Language: eng
Format: epub
ISBN: 9783030392888
Publisher: Springer International Publishing

Fig. 7.13 Asset composition of ECB consolidated balance sheet, end-2018 (end-period, percent)

(Source CrossBorder Capital, ECB)

Notes

1.Observations, 1796: quoted by Paul Tucker, Unelected Power, Princeton, 2019.

2.‘Operating’ as distinguished from ‘transmission’ channels.

3.See 12 Reasons Why Negative Rates Will Devastate the World, Zero Hedge, 19/089/2019.

4.Markus K. Brunnermeier and Yann Koby, The Reversal Interest Rate, Princeton University Discussion Paper, January 2019.

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