Arbeitspapier

Where do we stand with "whatever it takes"?

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 including 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.

Sprache
Englisch

Erschienen in
Series: UCD Centre for Economic Research Working Paper Series ; No. WP22/19

Klassifikation
Wirtschaft

Ereignis
Geistige Schöpfung
(wer)
Whelan, Karl
Ereignis
Veröffentlichung
(wer)
University College Dublin, UCD School of Economics
(wo)
Dublin
(wann)
2022

Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Whelan, Karl
  • University College Dublin, UCD School of Economics

Entstanden

  • 2022

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