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At this meeting of the IIEA Economists Group, Professor Karl Whelan addressed the nature of the current ‘euro crisis’, giving particular attention to the political and economic implications of the European Financial Stabilisation Mechanism and the decision of the European Central Bank to purchase government bonds. More generally, he considered the relationship between the European sovereign debt crisis, the euro currency and the financial system.

 

The paper on which Prof. Whelan based his talk is available for download from the European Parliament website here (click on the 21.06.10 tab).

 

 

 

Karl Whelan is a Professor at the School of Economics, University College Dublin. After obtaining his PhD from MIT in 1997, he worked for over ten years in central banks, first at the Federal Reserve Board in Washington and then at the Central Bank of Ireland. His research is generally concentrated in applied macroeconomics and has been published in leading journals such as American Economic Review, Review of Economics and Statistics, Journal of Monetary Economics, and Journal of Money, Credit, and Banking. Prof. Whelan is a regular contributor at irisheconomy.ie and was recently made a fellow of the Royal Irish Academy.