ECB should become global lender of last resort – report
Academics put forward policy recommendations to further internationalise euro
The European Central Bank should take on a more activist role as a global lender of last resort, a new report argues.
Published by the European Macro Policy Network on September 28, it sets out policy recommendations that would support further internationalisation of the euro.
One of its main recommendations is that the euro needs “an active policy for crisis management”. The US Federal Reserve has deployed swap lines in crisis situations with the International Monetary Fund, while China has used
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