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

descriptionPublicationkeyboard_double_arrow_right Research , Report , Preprint 01 Jan 2013 Germany English Publisher:Frankfurt a. M.: Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS)

Authors: Siekmann, Helmut; Wieland, Volker;

handle: 10419/97779 , 10419/88682

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

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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.

Country

Germany

Related Organizations

Goethe University Frankfurt
Germany
Johann Wolfgang Goethe-Universitaet
Germany

Keywords

330, ddc:330, monetary policy, OMT, ECB,OMT,fiscal policy,monetary policy, fiscal policy, ECB

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