Author (Corporate) | European Parliament: DG Internal Policies |
---|---|
Publisher | European Parliament |
Series Title | EPRS Studies |
Series Details | PE 733.984 |
Publication Date | September 2022 |
ISBN | 978-92-846-9766-3 |
EC | QA-09-22-528-EN-N |
Content Type | Research Paper |
Abstract:With the rise in interest rates and the phasing out of ECB’s asset purchase programmes, highly indebted countries such as Italy and Greece are facing a sharper rise in their bond yields than Germany – a development often referred to as `bond market fragmentation'. In response, the Governing Council of the European Central Bank announced the Transmission Protection Instrument on 21 July 2022. This paper provides a legal and economic examination of this new monetary policy instrument. It is compared with other non-conventional instruments in the context of the Treaty framework and the doctrine of the European Court of Justice. Table of Contents:
Further information:This paper was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 26 September 2022. |
|
Source Link |
Link to Main Source
https://www.europarl.europa.eu/thinktank/en/document/IPOL_STU(2022)733984
Alternative sources
|
Subject Categories | Economic and Financial Affairs |
Subject Tags | Monetary Affairs |
International Organisations | European Union [EU] |