Academic Writing

Question: Define and discuss the role of the European central bank (ECB) in the euro

sovereign crisis. Is the policy followed by the ECB optimal for all Eurozone members or

does it favour certain countries in the Eurozone at the expense of others?

The group essay should review the literature and include country examples as well as


Recommended reading

Buiter, W. H. and Rahbari, E. (2012) 'The ECB as Lender of Last Resort for Sovereigns in

the Euro Area', Discussion Paper Series, International Macroeconomics(8974), pp.


Granville, B (2013) Remembering Inflation, Princeton University Press.

Fratzscher, M., Lo Duca, M. and Straub, R. (2016) 'ECB Unconventional Monetary

Policy: Market Impact and International Spillovers', IMF Economic Review, 64(1),

pp. 36-74.

Kang, Y.-D. (2015) 'Policy Responses of the ECB in Managing

Skills: Article Writing, Research Writing

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