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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP17378 |
DP17378 Where Do We Stand With “Whatever It Takes”? | |
Karl Whelan | |
发表日期 | 2022-06-11 |
出版年 | 2022 |
语种 | 英语 |
摘要 | It is ten years since Mario Draghi’s “whatever it takes” speech and the announcement of the OMT programme designed to address financial fragmentation. This paper reviews the sources of financial fragmentation and discusses whether monetary tightening over the next few years will trigger concerns about unsustainable fiscal burdens in some euro area member states. The paper discusses the evolution of ECB policy regarding fragmentation and the practical and legal issues involved. Legal limits on sovereign bond holdings may force the ECB into some difficult choices in the coming years. |
主题 | Monetary Economics and Fluctuations |
关键词 | European central bank Euro Whatever it takes Fragmentation Omt |
URL | https://cepr.org/publications/dp17378 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/546431 |
推荐引用方式 GB/T 7714 | Karl Whelan. DP17378 Where Do We Stand With “Whatever It Takes”?. 2022. |
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