European Central Bank (ECB)

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

The ECB and Its Critics

The ECB Grows Up

The Naked ECB

The ECB s Faulty Weapon

Europe s Central Bank at Sea

The ECB s Lethal Inhibition

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

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

Helping the ECB Cross the Rubicon

Ecb Is Now Europe s Anchor

Together, the ECB and the EFSF could do what the ECB cannot do on its own.

Is the ECB Doing Enough?

The ECB s New Macroeconomic Realism

John Stewart Mill vs. the European Central Bank

That points towards reliance on the ECB.

The ECB s credibility is on the line.

The voting structure in the ECB is flawed.

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.

Only the ECB can provide this insurance.

The European Central Bank is in a different place entirely.

That is exactly what the ECB is doing.

So, will it be once more into the breach for the ECB?

The ECB is different, for some good reasons.

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

Banking supervision was not included among the ECB s objectives, though one article of the treaty gives the system of European central banks as a whole the task of contributing to effective supervision.

But this will require a shift in the ECB s attitude.

Even the ECB s support is not obvious.

The president of the European Central Bank, as well as the International Monetary Fund, acknowledge the gravity of the problem.

The ECB was not given overall supervisory and regulatory powers.

The ECB, however, has not been equipped with this mandate.

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.

LONDON Mario Draghi, the president of the European Central Bank, has repeatedly claimed that the ECB will do everything necessary to save the euro.

But the European Central Bank, notably by ECB board member Lorenzo Bini Smaghi, has elegantly spelled out the case against debt reduction a case that is politically significant and deeply moral.

Some propose bringing in the European Central Bank to leverage the EFSF s funds.