---

What is quantitative easing (QE)? Where does it come from? Why has the ECB implemented this policy? What are the risks? And is QE working in Europe? This book reviews and summarizes insights from economic and monetary literature, news articles and think tank reports. It starts with a review of the main monetary policy theories. Goes through the train of events that spurred the ECB´s decision to implement QE in Europe. Follows the ECB´s QE measures until the summer of 2016. And then finally takes a look at the main economic and financial indicators in order to see how effective QE has been.

---

Ioana Olaru is a Romanian business analyst who has closely followed international economic and financial developments for the past eight years. After about five years at The Smart Cube, a global provider of customized business intelligence services, she completed her MBA at Pforzheim University in Germany. She now works in consulting.

---