Policy-makers wary of ‘hurdles’ to ABS revitalisation
A "prudently designed" market for asset-backed securities (ABS) would help broaden the transmission of monetary policy in the eurozone, according to Markus Brunnermeier, though the Princeton University professor warned there are "several technical and legal hurdles" to overcome.
The European Central Bank (ECB) and Bank of England (BoE) issued a statement calling for the "revitalisation" of the ABS market last month, and will publish an expanded paper on the topic later this week.
Much of the
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