Spielmacher der Wettbewerbsverfälschung? Anmerkungen zur Rolle der EZB auf den Kapitalmärkten / The Distortion of Competition organised by Central Banks. Comments on the role of ECB on capital markets

Kerber Markus C.

ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, 2012, vol. 63, issue 1, 63-84

Abstract: The creation of the European Monetary Union should be a system of undistorted competition seeking to establish a single market. Contrary to this objective the ECBhas distorted the competition by its policy of qualitative and quantitative easing since May 2010. One could call it thematchmaker of distorted competition. This paper critically observes the extra-legal emergency measures, e.g.the reduction or suspension of the Eurosystem’s credit quality threshold as well as the “originate-to-Repo-operations”.

Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://doi.org/10.1515/ordo-2012-0108 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bpj:ordojb:v:63:y:2012:i:1:p:63-84:n:8

Ordering information: This journal article can be ordered from
https://www.degruyter.com/journal/key/ordo/html

DOI: 10.1515/ordo-2012-0108

Access Statistics for this article

ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft is currently edited by Christian Müller

More articles in ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft from De Gruyter
Bibliographic data for series maintained by Peter Golla ().