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Understanding Targeted Longer-Term Refinancing Operations

With speculation of a third round of Targeted Longer-Term Refinancing Operations (TLTROs), understanding how they’ve been implemented and how they’ve performed is essential to see just how this program might be extended. According to the European Central Bank, TLTROs “are Euro system operations that provide financing to credit institutions for periods of up to four … Continue reading “Understanding Targeted Longer-Term Refinancing Operations”