De Grauwe, Paul; Ji, Yuemei - In: Economic globalization and governance : essays in honor …, (pp. 121-138). 2021
two mechanisms. The first is the willingness of the European Central Bank (ECB) to provide liquidity in the Eurozone … sovereign bond markets during times of crisis. The ECB has set up its Outright Monetary Transactions (OMT) program to do this …