dc.date.accessioned | 2022-02-21T18:30:06Z | |
dc.date.available | 2022-12-22T23:46:00Z | |
dc.date.created | 2021-07-07T19:11:43Z | |
dc.date.issued | 2021 | |
dc.identifier.citation | Hjertaker, Ingrid Tranøy, Bent Sofus . The European Central Bank. The Palgrave Handbook of EU Crises. 2021, 339-355 Palgrave Macmillan | |
dc.identifier.uri | http://hdl.handle.net/10852/91199 | |
dc.description.abstract | This chapter suggests that the European Central Bank´s (ECB’s) changed role over the last 10 years can be conceptualized by three modes of crisis handling: Denial, Mission Creep, and Mission Leap. The ECB was never intended to be a lender of last resort, but with the financial crisis, this was precisely what eurozone financial institutions needed. As the crisis evolved, member states themselves needed a sovereign lender of last resort, something the ECB was explicitly designed not to be. TheECB has “muddled forward” to a position of considerable strength. In terms of outcomes, the monetary union is moving forward (Scenario 3thus, “muddling through” (Scenario 2) almost seems too weak a description of the constitutionally messy process that led the ECB through the crisis. | |
dc.language | EN | |
dc.publisher | Palgrave Macmillan | |
dc.relation.ispartof | Palgrave Studies in European Union Politics | |
dc.relation.ispartofseries | Palgrave Studies in European Union Politics | |
dc.title | The European Central Bank | |
dc.type | Chapter | |
dc.creator.author | Hjertaker, Ingrid | |
dc.creator.author | Tranøy, Bent Sofus | |
cristin.unitcode | 185,17,4,0 | |
cristin.unitname | ARENA Senter for europaforskning | |
cristin.ispublished | true | |
cristin.fulltext | postprint | |
dc.identifier.cristin | 1920831 | |
dc.identifier.bibliographiccitation | info:ofi/fmt:kev:mtx:ctx&ctx_ver=Z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.btitle=The Palgrave Handbook of EU Crises&rft.spage=339&rft.date=2021 | |
dc.identifier.startpage | 339 | |
dc.identifier.endpage | 355 | |
dc.identifier.doi | https://doi.org/10.1007/978-3-030-51791-5_18 | |
dc.identifier.urn | URN:NBN:no-93816 | |
dc.type.document | Bokkapittel | |
dc.type.peerreviewed | Peer reviewed | |
dc.source.isbn | 978-3-030-51790-8 | |
dc.identifier.fulltext | Fulltext https://www.duo.uio.no/bitstream/handle/10852/91199/1/Chapter%2B18%2BECB%2BHjertaker%2BTran%25C3%25B8y.pdf | |
dc.type.version | AcceptedVersion | |
cristin.btitle | The Palgrave Handbook of EU Crises | |