TY  - GEN
AB  - The European sovereign debt crisis represents an interesting opportunity to investigate
the reaction of the European Central Bank as a crisis fighting institution and the
importance of central bank personalities in policy execution. Accordingly, this paper aims
at investigating to what extent the policy-making of the ECB during the crisis has been
influenced by Trichet’s and Draghi’s different personalities. Based on Friedman’s hypothesis
that “accidents of personality” have a great impact on the functioning of a rulebased
institution, we find that the clear differences in policy-making between Trichet and
Draghi can be explained by specific features of their respective personalities. Institutions
matter, but so do personalities.
DA  - 2014
KW  - European Central Bank
KW  - Central Bankers
KW  - Personality Theory
KW  - European Sovereign Debt Crisis
KW  - Monetary Policy
LA  - eng
PY  - 2014
SN  - 1869-6406
TI  - Policy-making of the European Central Bank during the crisis: Do personalities matter?
UR  - https://nbn-resolving.org/urn:nbn:de:0070-pub-29316073
Y2  - 2024-11-22T04:14:08
ER  -