Both by chance and design, the emergency policy erected by the European Central Bank to tackle the financial crisis has, so far, played out quite beautifully. By introducing a limited package of measures aimed at flooding the banking system with easily accessible and cheap liquidity, the ECB last year restored some sense of normality to the eurozone's financial markets.
歐洲央行(ECB)為應對金融危機出臺的應急政策,迄今收效良好,這既有偶然因素,也是刻意安排的結果。歐洲央行推出的政策數量有限,旨在為銀行體系注入大量可輕松獲得、且價格低廉的流動性。去年,歐洲央行通過這些政策,令歐元區金融市場在某種意義上恢復了常態。
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