Brussels, 01/02/2011 (Agence Europe) - On Monday 7 February, the MEPs in the European Parliament's economic and monetary affairs committee held a hearing of Jean-Claude Trichet, the chair of the new European Systemic Risk Board (ESRB), quizzing him about how the ESRB would be able to carry out its macroeconomic surveillance of the money markets.
What macroprudential monitoring tools can the ESRB use to stop speculative bubbles from forming and the mushrooming of the price of certain assets,...