The Big Interview: Katrin Robeck

With the financial markets still reeling from the crisis in credit, and concerns about a global recession becoming more justified by the day, Matthew Attwood speaks to an economist from Moody's Economy.com about the role of central banks in maintaining the health of the world's economies

The crisis in credit was one of the European Central Bank's most demanding tests of its short history. As the euro's tenth anniversary approaches, Credit asks Katrin Robeck, an economist at Moody's Economy.com, how the ECB's performance - potentially disadvantaged as it is by the separation of monetary and fiscal policy within the Eurozone - compares with that of other central banks.

Robeck is keen to emphasise that credit is not independent of the economic cycle. She is clear, though, that the