Sinn, Hans-Werner - In: CESifo Forum 15 (2014) 1, pp. 3-36
refinancing credit to commercial banks 3. ECB government bond purchases and official bail-out programmes 3.1 From indirect to …: ESM, SMP and OMT 4. The risks and costs of the ECB policy 4.1 Potential exposure via the OMT programme 4.2 Risks related … to refinancing credits 4.3 Target losses in the case of exit and bankruptcy, should the euro continue to exist 4.4 Target …