Trichet Says ECB Will Withdraw Liquidity Gradually

Publications

The ABI Guide to Cross-border Insolvency in the United States

This Guide is a must-read for any practitioner involved in international insolvency issues. The authors address the history of the UNCITRAL Model Law on Cross-border Insolvency, which the United Nations Commission on International Trade Law adopted in 1997 after five years of meetings and discussion. Thirteen states have now adopted this law, which includes the United States' adoption of chapter 15 as part of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. For those involved in the evolving new world of chapter 15 law, this publication provides the necessary overview to understanding the law in practice. Softbound, 92 pages. Order your copy from ABI, today!

European Union Regulation on Insolvency Proceedings: An Introductory Analysis, Second Edition

Updated to reflect the recent modifications to the EU Insolvency Regulation, this book is a primer that covers jurisdictional issues, "winding-up" procedures such as the appointment of a liquidator, recognition of judgments, creditors' rights and other provisions. Written by Prof. Bob Wessels of Vrije University in Amsterdam, this book is an invaluable resource for professionals who find themselves increasingly involved in cross-border insolvency cases. Softbound, 170 pages.
Order your copy from ABI, today!

Trichet Says ECB Will Withdraw Liquidity Gradually

Submitted by editor on Fri, 11/20/2009 - 10:24

European Central Bank President Jean-Claude Trichet said the bank will gradually withdraw the emergency cash it has pumped into the economy in order to ensure it doesn’t fuel inflation. “Not all our liquidity measures will be needed to the same extent as in the past,” Trichet said at a conference in Frankfurt today. “Any non-standard measure whose continuation would pose a threat to the achievement of price stability must be undone promptly and unequivocally.” Trichet has already signaled the ECB is unlikely to renew its offer of 12-month loans to banks after the third tranche in December. ECB council member Guy Quaden also indicated this week that the central bank may offer fewer three-month and six-month loans next year. At the same time, policy makers have stressed the exit from emergency measures doesn’t necessarily imply they will raise the benchmark interest rate from a record low any time soon. While the euro region emerged from its worst recession since World War II in the third quarter with growth of 0.4 percent, tight credit, the expiry of fiscal stimulus programs, rising unemployment and the stronger euro could all hamper the economic recovery. The euro-area inflation rate has been negative since June. Read more.

Publications

Trichet Says ECB Will Withdraw Liquidity Gradually

Search Entire Site