Gros, Daniel, Valiante, Diego, De Groen, Willem Pieter, (2016), “The ECB’s latest gimmick: Cash for loans”, CEPS, 29 Μαρτίου
Among several important monetary policy initiatives decided by the European Central Bank on 10 March 2016 was the launch of a new set of targeted longer-term refinancing operations (TLTRO II), expanding on the previous TLTRO. In assessing this scheme, which might cost up to €24 billion, this Policy Brief finds that while it could become important, it is questionable whether it will achieve its goal of encouraging the extension of credit for new investment, as banks can easily window dress their loan book.
Σχετικές Αναρτήσεις
- Wolff, Guntram B., Bénassy-Quéré, Agnès, (2016), “ECB decisions put lack of fiscal union in the spotlight”, Bruegel, 30 Μαρτίου
- Gerba, Eddie, Macchiarelli, Corrado, (2016), “Policy options and risks of an extension of the ECB’s quantitative easing programme: An analysis”, European Parliament, Φεβρουάριος