Quantitative tightening in the euro area
The Sound of Economics
00:00
The Risks of QE
The ECB has been buying 19 different bonds and it's much more complicated because there is always this fear of monetary financing. I would actually argue the opposite just because of the structure of the ECB that the ECB's independence is much more secure than any other central banks. So in my view, the ECB is the most independent central bank and has to worry the least about having that taken away.
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