The Art of Central Banking

Dr. John E. Charalambakis

Wednesday, October 9th 2013, 5:30 pm

 im Hayek Saal Grünangergasse 1/15-1, 1010 Vienna. Moderation: Dr. Walter Springer

John E. Charalambakis´ keynote is discussing his latest paper:

Our Federal Reserve Bank, the ECB, and other central banks of developed nations face a paradox:  the same institution that is supposed to hold the ultimate reserves of the commercial banks has a duty of lending those reserves to the banks that are in trouble and which are lacking those reserves that were supposed to have deposited with the central bank. Welcome to quantitative easing

 We kindly ask to register until October 8th at registration@hayek-institut.at

John E. Charalambakis, Lecturer, has worked as a consultant for government agencies, corporations, and non-profit  groups in several countries, including providing recent support to the newly established Congressional Financial Crisis Inquiry Commission. Dr. Charalambakis was Professor of Economics at Asbury College for twenty years. He earned his BA from the Athens School of Economics and Business, his MBA from Roosevelt University, and his Ph.D. from the University of East London. He is the author of The Fed, the Markets, and the Metamorphosis of the Business Cycle. One of his principal areas of interest is identifying the factors that lead to the creation and sustainment of a middle class in different societies.

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