PURCHASE OF BONDS UNDER THE OMT PROGRAM: DISPUTES AND LEGAL IMPLICATIONS
DOI:
https://doi.org/10.63177/zrpfpr.012025.08Keywords:
European Central Bank, OMT program, European Court of Justice, monetary policy, financial stability.Abstract
The subject of this paper is the bond purchase program on the secondary market (Outright Monetary Transactions), or the OMT program, its operating mechanism, and the legal consequences arising from its implementation in the context of European monetary policy. The paper will focus on analyzing legal disputes and decisions of the European Court of Justice that have emerged in connection with the OMT program. The aim of the paper is to examine and analyze the OMT program within the context of European monetary policy, to identify and consider the legal aspects and disputes resulting from its implementation, as well as to assess its impact on financial stability in the Eurozone.
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