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credibility? With the economy weakening and the risk of recession rising, how far should monetary policy tightening go? Featuring …
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In 2022, the European Central Bank (ECB) introduced the Transmission ProtectionInstrument (TPI) to counter the risk of financial fragmentation following the normalisation ofmonetary policy. The ECB has specified conditions under which the TPI can be activated.This paper examines these conditions...
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Der Erfolg des Euro wird nicht zuletzt durch die Glaubwürdigkeit der Europäischen Zentralbank bestimmt. Worauf gründet …
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