Questions of credibility in the Eurozone and China


Greece’s possible exit from the Eurosystem and the Chinese stock market crash have raised concerns about the respective roles of the state and central banks in the financial and economic system. Some of the intricate challenges presented by Greece are documented in this edition by former Czech National Bank deputy governor, Ludek Niedermayer, who details the difficulties presented by the role of lender of last resort in the Eurosystem; and by former International Monetary Fund veteran Warren

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: