The future of asset-backed securities in the euro area
Carlo Altomonte, Non resident scholar at Bruegel and Professor at Bocconi University, discusses the risks of asset-backed securities in Europe. In his new Policy Contribution - to be released this week on Bruegel's website - he tackles the ECB's recent announcement that it would acquire "simple and transparent" notes, as well as the impact of the new T-LTRO programme.
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