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The European Central Bank's outright monetary transactions and the Federal Constitutional Court of Germany

Helmut Siekmann and Volker Wieland ()

No 4, SAFE White Paper Series from Leibniz Institute for Financial Research SAFE

Abstract: This note reviews the legal issues and concerns that are likely to play an important role in the ongoing deliberations of the Federal Constitutional Court of Germany concerning the legality of ECB government bond purchases such as those conducted in the context of its earlier Securities Market Programme or potential future Outright Monetary Transactions.

Keywords: ECB; OMT; fiscal policy; monetary policy (search for similar items in EconPapers)
Date: 2013
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
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