Analysis of the current financial analysis. Where do they take these billions they have not? How the State, insurer in last resort, offers access to the European Central Bank

Preprint OPEN
Vallageas, Bernard;
(2009)
  • Subject: money creation; central bank; financial crisis
    • jel: jel:E65 | jel:E42 | jel:E51 | jel:E58 | jel:E44

The first stage of the plan for rescuing French banks in October 2008 rules that a special company owned by the State and the banks will borrow on the “markets” with the State warranty. The money collected will be lent to the banks so that they can finance economy. This... View more
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