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losses for the ECB and try to assess inflation dangers stemming from the 3Y LTROs. In the same section, we also look at the …
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This paper explores the potential effectiveness of the ECB s Outright Monetary Transaction (OMT) program in safeguarding an appropriate monetary policy transmission. Since the program aims at manipulating bank lending rates by conducting sovereign bond purchases on secondary markets, a stable...
Persistent link: https://www.econbiz.de/10010480578
This paper explores the potential effectiveness of the ECBś Outright Monetary Transaction (OMT) program in safeguarding an appropriate monetary policy transmission. Since the program aims at manipulating bank lending rates by conducting sovereign bond purchases on secondary markets, a stable...
Persistent link: https://www.econbiz.de/10010246072
procedure evolved into a regime of reserve abundance. This regime has become problematic since the inflation surge forced the … procedures and make monetary policies more effective in fighting inflation. …
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