Mody, Ashoka - Bruegel - 2014
economics and politics of the euro, and for European integration. ECB action via the OMT was needed because the fiscal options …-area monetary policy. While the Bundesbank took the strong position that the ECB should not be in the business of guaranteeing that … conducting 'monetary' policy, the ECB is also engaging in 'economic' policy â?? urging member states to undertake reforms, in …