Here. Some versions of QE depend on a well-functioning ABS market and this joint paper outlines the various reforms required for this market to operate at a sufficient scale.
Here. Some versions of QE depend on a well-functioning ABS market and this joint paper outlines the various reforms required for this market to operate at a sufficient scale.
2 replies on “Joint BoE/ECB paper on reviving the European ABS market”
This coverage may be of interest.
http://uk.reuters.com/article/2014/05/30/uk-ecb-boe-abs-idUKKBN0EA0QI20140530
Meanwhile, the contrast with the debate at a political level could not be more marked.
http://www.theguardian.com/world/2014/may/30/angela-merkel-jean-claude-juncker-european-commission
The shorter, and more accessible, earlier ECB-BOE paper.
http://www.bankofengland.co.uk/publications/Documents/news/2014/paper070.pdf