The Legality of Outright Monetary Transactions (OMT) of the European System of Central Banks

Forschungsbereich: Monetary Policy, Central Bank Law
Forscher: Helmut Siekmann
Datum: Jan 2015
Abstract:

Helmut Siekmann presents an encompassing analysis of the Eurosystem’s Outright Monetary Transactions (OMT). Examining the rulings of the German constitutional court and the questions presented to the European Court of Justice, Siekmann comes to the conclusion that the German constitutional court could forbid German authorities to support OMT. Thus, he sees an incentive for the ECJ to adopt at least some of the limitations. (24.04.15)

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