Sinn, Hans-Werner - In: CESifo Forum 15 (2014) 1, pp. 03-36
state financing via refinancing credit to commercial banks <br>3. ECB government bond purchases and official bail …. <br>3.3 Monetary policy or fiscal policy: ESM, SMP and OMT <br>4. The risks and costs of the ECB policy <br>4.1 Potential … bankruptcy, should the euro continue to exist <br>4.4 Target losses in the case of a euro break-up or a German exit <br>4.5 Shift …