|Author (Person)||Gros, Daniel|
|Publisher||Centre for European Policy Studies [CEPS]|
|Series Title||CEPS Policy Brief|
|Series Details||No. 341, March 2016|
|Publication Date||March 2016|
|Content Type||Journal | Series | Blog|
Among several important monetary policy initiatives decided by the European Central Bank on 10 March 2016 was the launch of a new set of targeted longer-term refinancing operations (TLTRO II), expanding on the previous TLTRO.
In assessing this scheme, which might cost up to €24 billion, this Policy Brief finds that while it could become important, it is questionable whether it will achieve its goal of encouraging the extension of credit for new investment, as banks can easily window dress their loan book.
|Subject Categories||Politics and International Relations|
|Countries / Regions||Europe|