The Role of European Central Bank in the Dilemma of Economic Crisis

DOI

10.2991/978-94-6463-098-5_220How to use a DOI?

Keywords

Policy coordination; Economic sanctions; Human well-being; Cost-push inflation; Fiscal and Monetary Union

Abstract

The attitude and actions of the European Central Bank during the Russo-Ukrainian War have exacerbated and compounded the economic situation. The well-being of mankind and issues with sovereign debt have put many nations in danger. The inability of incrementalism to stop inflation and currency devaluation has been raised as a critique. Inadequate economic integration is the situation's main issue. In order to improve the effectiveness of monetary policy and the future direction of policy cooperation, the Fiscal Union has been proposed. The crisis in the EU will become a new opportunity to develop itself to fight against internal economic problems and external sanctions.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Xuanhe Zhou
PY  - 2022
DA  - 2022/12/27
TI  - The Role of European Central Bank in the Dilemma of Economic Crisis
BT  - Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
PB  - Atlantis Press
SP  - 1950
EP  - 1960
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-098-5_220
DO  - 10.2991/978-94-6463-098-5_220
ID  - Zhou2022
ER  -