The OMT programme announcement has been successful so far mainly because of its careful design. The programme is strictly conditional on adjustment programmes and structural reforms actually being implemented and is limited to short-term maturities, in this way containing the duration of risk exposure of the ECB to any given bond issuer. 5  See e.g. Swanson (2014). 6  See e.g.
* * * It is a well recognized fact that clear and efficient laws provide confidence to the investing community. Such investments can be by domestic entities or foreign entities or investment overseas by domestic entities.