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Analysis and insight into trends
in money and banking, and their impact
on the world's leading economies

Quantitative Easing:- Triumph or folly?

Date: 3rd November 2016 | 09:00

Venue: 2 Lord North Street, London SW1P 3LB

Banks and central banks play a central role in the sound functioning of modern monetary economies. The 2008-09 Global Financial Crisis has shown again how important it is to understand their functioning and operations, and to analyse how changes in the quantity of money affects the overall economy. The tightening of bank regulation in the midst of the crisis resulted in a contractionary effect on banks' balance sheets and thus on the quantity of money. Too high money growth in 2007 was followed by a complete halt to money growth in late 2008 and 2009, causing the Great Recession. Central banks in the leading economies had to embark in extraordinary operations to boost the quantity of money (so-called 'quantitative easing'), trying to offset the contractionary effects of tightening international bank regulation after 2008. INVITATION TO THIS CONFERENCE IS STRICTLY BY INVITATION ONLY. If you would like to be invited please contact Gail Grimston. Please find attached a fully detailed programme of the conference; we are extremely pleased to have a distinguished group of economists. The sessions promise to be exciting in terms of ideas discussed and policies reviewed.

Here is Professor Tim Congdon's lecture on why QE was necessary