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La BCE en terrain neutre ?

Author

Listed:
  • Christophe Blot

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Jérôme Creel

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

Abstract

L'implication de la Banque centrale européenne (BCE) dans la gestion budgétaire des Etats membres de la zone euro est un sujet régulier de controverse. Depuis la mise en œuvre des programmes d'achats de titres de dette publique, la BCE est tout à la fois accusée de faire des profits sur les Etats en difficulté et de prendre le risque de socialiser les pertes. La naissance de ces controverses résulte de la difficulté à bien appréhender les relations entre la BCE, les banques centrales nationales (BCN), et les gouvernements. [...]

Suggested Citation

  • Christophe Blot & Jérôme Creel, 2017. "La BCE en terrain neutre ?," Post-Print hal-03429876, HAL.
    • Handle: RePEc:hal:journl:hal-03429876
    Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03429876
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