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an appropriate monetary policy transmission. Since the program aims at manipulating bank lending rates by conducting … 2003-2013. Our results suggest that the potential success of OMTs in restoring the monetary transmission mechanism is …
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This paper briefly assesses the effectiveness of the different non-standard monetary policy tools in the Euro Area. Its main focus is on the Outright Monetary Transactions (OMT) Programme which is praised by some as the ECB’s “magic wand”. Moreover, it discloses further possible unintended...
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the effectiveness of central bank policy transmission. Against this backdrop, the paper analyses the determinants of a …
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This paper briefly assesses the effectiveness of the different non-standard monetary policy tools in the Euro Area. Its main focus is on the Outright Monetary Transactions (OMT) Programme which is praised by some as the ECB’s “magic wand”. Moreover, it discloses further possible unintended...
Persistent link: https://www.econbiz.de/10010350450