cover image: From the comments, on eurozone sterilization

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From the comments, on eurozone sterilization

8 Sep 2012

From this post, on the ECB and the new bailout procedures: No, but it can tighten policy just as easily by raising the rate paid on cash in its deposit facility. Indeed, this is part of its usual operating procedure: the headline “repo rate” lies at the center of a corridor, with the deposit rate [...]
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Tyler Cowen

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