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Direct European Central Bank intervention in the market for asset-backed securities (ABS) has the potential to become, under certain conditions, a mechanism to unlock credit markets in the euro area. * When and how the ECB acts will be significant. Acting immediately to purchase existing...
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It is almost impossible to really understand the crisis of credit without having an idea of how securitization … closely connected developments that cannot be ignored in this connection. The first is the rise of securitization transactions …
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