The European Central Bank's Outright Monetary Transactions and the Federal Constitutional Court of Germany

Research Area: Monetary Policy, Central Bank Law
Researcher: Helmut Siekmann,
Volker Wieland
Date: Jan 2013
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.

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