Eurozone and Outright Monetary Transactions: Difference between pages

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The collective name for the 19 countries adopting European Monetary Union (EMU) in full.
(OMT).
Sometimes written 'Euro zone', 'eurozone' or 'Euro-zone'.


More formally known as the 'euro area' and more informally as 'euroland'.  
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 agreement]]s or [[repurchase agreement]]s.


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.


The 19 countries in the euro area are:
[[Category:Risk_frameworks]]
 
Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia and Spain.
 
 
The nine European Union (EU) countries which are not in the euro area are:
 
Bulgaria, Croatia, the Czech Republic, Denmark, Hungary, Poland, Romania, Sweden and the United Kingdom (UK).
 
 
====Brexit====
A referendum in the UK in June 2016 resulted in a vote for the UK to begin the process of leaving the EU.
 
 
== See also ==
* [[Bank supervision]]
* [[Brexit]]
* [[Central bank]]
* [[ESCB]]
* [[Euro Stoxx 50]]
* [[Eurobond]]
* [[European Central Bank]]
* [[European Financial Stability Facility]]
* [[European Monetary Union]]
* [[European Union]]
* [[Eurosystem]]
* [[Grexit]]
 
 
 
==== Currencies of EU countries not in the euro area ====
* [[BGN]]
* [[HRK]]
* [[CZK]]
* [[DKK]]
* [[HUF]]
* [[PLN]]
* [[RON]]
* [[SEK]]
* [[GBP]]

Revision as of 19:06, 28 August 2014

(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.

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Eurozone&oldid=35774’