Faculty of Economics and Business Administration Publications Database

The European Central Bank's Outright Monetary Transactions and the Federal Constitutional Court of Germany

Siekmann, Helmut

This note reviews the legal issues and concerns that are likely to play an important role in the ongoing deliberations of the Federal Constitutional Court of Germany concerning the legality of ECB government bond purchases such as those conducted in the context of its earlier Securities Market Programme or potential future Outright Monetary Transactions.

Year: 2013
Editor: Institute for Monetary and Financial Stability
Volume: 71
Book Title: IMFS Working Paper Series No. 71