Outright Monetary Transactions: Difference between revisions
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imported>Doug Williamson m (Standardise header, minor rewording for clarity and categorise page.) |
imported>Doug Williamson (Updated entry: Added link to European Central bank) |
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This was a new tool for the European Central Bank in 2012 - and controversial, especially in Germany - though its use by other banks has not been so dogged by controversy. | This was a new tool for the European Central Bank in 2012 - and controversial, especially in Germany - though its use by other banks has not been so dogged by controversy. | ||
==See also== | |||
* [[European Central Bank]] | |||
[[Category:Risk_frameworks]] | [[Category:Risk_frameworks]] | ||
Revision as of 10:08, 14 January 2015
(OMT).
Part of the open market operations of a central bank in which the central bank buys or sells securities outright - i.e. without the re-sale or re-purchase legs of reverse repurchase agreements or repurchase agreements.
This was a new tool for the European Central Bank in 2012 - and controversial, especially in Germany - though its use by other banks has not been so dogged by controversy.
