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OMT and Target 2
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Business, Social Studies
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University
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Hard
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The video discusses the connection between Target 2 imbalances and the ECB's outright monetary transactions, focusing on the roles of Spanish and German national central banks. It explains how these transactions affect the balance sheets and proposes a system open market account for Europe, which could involve multiple countries and offer secured credits instead of unsecured Target 2 credits.
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