Interest Rate Caps vs. Bands: Can "Secret Sauce" Make a Difference?
August 25, 2012Spread the love
Let’s review what I said in ECB Considers Interest Rate Caps; Can Such a Scheme Possibly Work? Theory vs. Practice The ECB can "in theory" defend a price target on bonds, but only at the risk of owning every bond.
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Interest Rate Caps vs. Bands: Can "Secret Sauce" Make a Difference?
