Webinar - Towards a "new normal" for the monetary system? (VIDEO)
The monetary system has changed dramatically since the financial crisis of 2008, especially for the Eurozone. Massive liquidity supply by the ECB, zero (negative) interest rates for a long period, and massive support for the Eurozone government bond markets through QE are unprecedented and were not foreseen when the EURO was created. All these measures are fundamentally changing the behavior of financial markets, financial institutions, investors and governments. Is this a sustainable “new normal” of the monetary system? Or should we expect further surprises and shocks?