What is quantitative easing II?
The term became fashionable post the global economic crisis in 2008, following which most governments across the globe had to pump in huge amount of liquidity in the markets to tide over the crisis. Quantitative easing is the process of infusing money into the system by creating ‘new money’ and eventually [...]
Posts Tagged ‘economic crisis’
ET in the classroom: Quantitative Easing II
November 1st, 2010 by Financial Writer
Tags: central bank, economic crisis, economic recovery, economy recovery, Federal Reserve, financial system, Global Economy, stock prices, us economic, us stocks
more...Japan Is Alone Over Yen
August 13th, 2010 by Financial Writer
The last time the dollar dropped below the levels it reached Wednesday against the yen, the Bank of Japan and the Federal Reserve jointly intervened to push it higher. That was in July 1995.
No wonder currency traders got a bit nervous Thursday when Japanese officials complained about the strength of their currency amid the latest [...]
Tags: bank of china, bank of japan, economic crisis, economy, Federal Reserve, financial markets, financial system, us consumers, us economic
Greek PM says economic crisis confirmed worst fears
February 26th, 2010 by Financial Writer
Prime Minister George Papandreou on Friday vowed to ignore the political costs and take drastic measures to pull Greece out of a debt crisis threatening the stability of the euro zone.
Speaking to parliament after a visit by EU economic inspectors, Papandreou said Greece did not want other countries to pay for its debts but expected [...]
Tags: debt crisis, economic crisis, eu economic, euro zone, greek pm, greek stocks
EU’s Almunia says antitrust rules important in crisis
February 15th, 2010 by Financial Writer
Joaquin Almunia, the EU’s newly-appointed competition chief, said on Monday the economic crisis was no excuse for loosening strict antitrust rules and reducing fines for violations that critics say are too high.
Almunia, the former monetary affairs commissioner who took over the competition portfolio from Neelie Kroes last week, outlined his priorities at an industry event [...]
Tags: businesses, economic crisis, european commission, joaquin almunia