While the ECB has indeed done a remarkable job of steering the SSM through its first year, this does not imply that it is bound to solve any organisational difficulty in a top-down manner. Instead, we should take advantage of bottomup engagement whenever it is feasible. Second, we should keep in mind the need for self-control.
Second, we should examine how to expand the use of interest rate derivatives, which are 3/5  BIS central bankers' speeches  necessary to disperse the risks derived from the various instruments in the credit market, mainly medium- and long-term credit.