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The Activation Conditions of the Transmission Protection Instrument: Flawed by Design?

Arnold, Ivo J. M. - In: Intereconomics 58 (2023) 5, pp. 254-259

In 2022, the European Central Bank (ECB) introduced the Transmission ProtectionInstrument (TPI) to counter the risk of financial fragmentation following the normalisation ofmonetary policy. The ECB has specified conditions under which the TPI can be activated.This paper examines these conditions...

Persistent link: https://www.econbiz.de/10014459470