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International Law

: Law of the EMU and euro

ELA: An Emperor without Clothes?

By Atilla Arda

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Emergency liquidity assistance (ELA) by the Irish central bank (CBI) is the subject of a recent Citigroup Global Markets' note authored by Willem Buiter, Jürgen Michels, and Ebrahim Rahbari. They comment, from a legal and economic perspective, on CBI's ELA to Irish banks against the backdrop of the euro area's...

Full post as published by Law of the EMU and euro on January 25, 2011 (boomark / email).

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