- Author
- Frank Roels (UGent)
- Organization
- Abstract
- After giving an interview the Governor of the central bank is greeted with great praise by the media.But his prediction of a recession of the Belgian economy is probably based on very complex algorithms whose authors are anonymous; such algorithms were recently responsible for flash crashes on the stock markets.The Governor's advice to the government contradicts itself: public spending should be reduced, but additional support should be given to a bad bank (Dexia).The interview expresses a clear ideology and economic dogmas. The eurocrisis is caused by public spending; Germany and Ireland are proposed as guides we should follow.The markets should be respected. But Irish data show that public debt has increased as well as unemployment (14,8%), and growth is negative.Billions of profit were made by speculation with government bonds;this is ignored by the Governor.Employment and purchasing power are not mentioned in the interview.The Governor defends corporate interest, and is in conflict with the government.
Downloads
-
(...)
- full text
- |
- UGent only
- |
- text/html
- |
- 101.93 KB
Citation
Please use this url to cite or link to this publication: http://hdl.handle.net/1854/LU-2977491
- MLA
- Roels, Frank. “Gouverneur Coene, Man van de Markten.” DEWERELDMORGEN.BE, no. 14 aug., 2012.
- APA
- Roels, F. (2012). Gouverneur Coene, man van de markten.
- Chicago author-date
- Roels, Frank. 2012. “Gouverneur Coene, Man van de Markten.” DEWERELDMORGEN.BE.
- Chicago author-date (all authors)
- Roels, Frank. 2012. “Gouverneur Coene, Man van de Markten.” DEWERELDMORGEN.BE.
- Vancouver
- 1.Roels F. Gouverneur Coene, man van de markten. DEWERELDMORGEN.BE. 2012.
- IEEE
- [1]F. Roels, “Gouverneur Coene, man van de markten,” DEWERELDMORGEN.BE, no. 14 aug. 2012.
@misc{2977491, abstract = {{After giving an interview the Governor of the central bank is greeted with great praise by the media.But his prediction of a recession of the Belgian economy is probably based on very complex algorithms whose authors are anonymous; such algorithms were recently responsible for flash crashes on the stock markets.The Governor's advice to the government contradicts itself: public spending should be reduced, but additional support should be given to a bad bank (Dexia).The interview expresses a clear ideology and economic dogmas. The eurocrisis is caused by public spending; Germany and Ireland are proposed as guides we should follow.The markets should be respected. But Irish data show that public debt has increased as well as unemployment (14,8%), and growth is negative.Billions of profit were made by speculation with government bonds;this is ignored by the Governor.Employment and purchasing power are not mentioned in the interview.The Governor defends corporate interest, and is in conflict with the government.}}, author = {{Roels, Frank}}, language = {{dut}}, number = {{14 aug.}}, pages = {{4}}, series = {{DEWERELDMORGEN.BE}}, title = {{Gouverneur Coene, man van de markten}}, url = {{http://www.dewereldmorgen.be/artikels/2012/08/14/gouverneur-coene-de-man-van-de-markten}}, year = {{2012}}, }