ECB comprehensive assessment could stem ‘secular stagnation' in eurozone, bank staffers argue
Economists from the ECB and the Bank of Spain make the case in new book on ‘secular stagnation'
The review of banking assets currently being carried out by the European Central Bank (ECB) could prevent 'secular stagnation' in the eurozone, argue economists from the ECB and the Bank of Spain in a new book by Vox EU that also includes contributions from Lawrence Summers, Paul Krugman, and Barry Eichengreen.
The ECB's asset quality review – part of its comprehensive assessment of eurozone banks – is intended to shed light on lenders' sometimes murky balance sheets, in turn forcing them to
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