Collateral Frameworks

'This important book shines a light on the often overlooked yet impactful workings of the European Central Bank's policy, as well as the political economy, 'organized hypocrisy' and lack of credibility that have plagued the euro since its creation. Nyborg's insights and thoughtful proposals for the Eurozone deserve attention.' Anat R. Admati, George G. C. Parker Professor of Finance and Economics, Graduate School of Business, Stanford University, California, and co-author of The Bankers' New Clothes: What's Wrong with Banking and What to Do about It