14:30 to 15:45
Lecture

The ECB and the crisis, liquidity and solvency

Part 2 : The crisis

Lucrezia Reichlin
Amphithéâtre Maurice Halbwachs, Site Marcelin Berthelot
Open to all, subject to availability
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Abstract

  • A comparison of two periods of ECB intervention : the injection of liquidity into the banking sectors in 2007-2009 and 2011-2012 ;
  • the tension between solvency and liquidity problems, and its management by the ECB.