The European Central Bank ( Ecb )

The findings of this study may further contribute to the body of knowledge which may serve as bases for further research.

The United States Federal Reserve has been conducting open market operations in the financial markets since 2008 in order to drive down interest rates and promote economic growth following the 2007-08 financial crisis. The subsequent recession, dubbed the Great Recession, destroyed $19 trillion in household wealth and nearly 9 million jobs. The highly controversial quantitative easing (QE) program, which refers to the process of introducing new money into the money supply, has been effective in promoting US recovery over the past six years.

In the literature review, process and develop a conceptual framework of the issue or problem that is being researched. This section should present a comprehensive review of the historical and current literature on the topic. The literature review should:

This study sought to answer three research questions. Although the questions have been presented in previous chapters, they are worth presenting again.

"This literature review will use a selection of available documents on the topic, which contain information, ideas, data and evidence written from a particular standpoint to fulfill certain aims or express certain views on the nature of the topic and how it is to be investigated, and the effective evaluation of these documents in relation to the research being proposed."

o Review of related literature: In what ways does the literature review support the need for this study?

In this section, there are two main articles selected that will be further analyze by providing a concise description of the articles, which include the purpose of the article, questions of the authors address, key findings and their conclusion.

The Federal Reserve Bank (FSB) is a regional bank for the central banking system of the United States. The regional banks enforce the monetary policies that affect the banks in their region.

In this chapter the results obtained from the analysis of data collected (previous chapter) are discussed in relation to the aims and objectives of the study. The study attempts to answer the following research questions:

There are ten scholarly, peer-reviewed research articles selected for the preliminary literature review and they are summarized below. The relevance of the articles and the research findings, research design and methods are included below.

The purpose of this review is to narrate and provide the details of published academic studies about the

The research will make use of both primary and secondary sources of data. In the primary source, questionnaires and interviews were granted.

The researchers in the beginning of the article discuss their literature review in order to inform the reader on the subject. Here, they use data from an array of sources, ranging from the current and primary sources, organizing

In 1999, ten European nations joined together to create an economic and monetary union known as the Eurozone. Countries, such as Germany, have thrived with the euro but nations, like Greece, have deteriorated since its adoption of the euro in 2001. The Eurozone was created in 1999 and currently consists of eighteen European nations united under the European Central Bank and all use the euro. The Eurozone has a one point six percent inflation rate and an eleven point six percent unemployment rate in 2014. Greece joined the Eurozone in 2001 and was the poorest European Union member at the time with a two point six percent inflation rate3 (James, 2000). Greece had a long economic history before joining the Eurozone. The economy flourished from 1960 to 1970 with low inflation and modernization and industrialization occurring. The market crash in the late 1970’s led Greece into a state of recession that the nation is still struggling with. Military failures, the PASOK party and the introduction of the euro have further tarnished Greece’s economic stability. The nation struggles with lack of competitiveness, high deficit, and inflation. Greece has many options like bailouts, rescue packages, and PPP to help dig it out of this recession. The best option is to abandon the Eurozone and go back to the drachma. Greece’s inflation and deficit are increasing more and more and loans and bailouts have not worked in the past. Leaving the Eurozone will allow Greece to restructure and rebuild

A review of the literature provides more detailed information on the chosen topic. Its purpose is to give the researcher knowledge that will form the foundation for his or her study and therefore, the information must be related to the topic. Not only does it provide basic information on the variables in the topic but also covers various relatable studies conducted in the past; how, where they were conducted, and the conclusions that the researcher(s) came to. Literature can be obtained from a wide variety of sources; newspapers, journals, databases, books, encyclopedias, digital sources, and much more. Information obtained in this section helps the researcher understand the magnitude of the problem defined in the first stage, recognize any consequences and gaps that other researchers may have not filled, and identify potential strategies to combat the problem. It serves as a secondary source of information. Based on