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EURO ZONE BENCHMARKS AND THEIR IMPORTANCE IN ENSURING THE FUNCTIONING OF RISK-FREE FINANCIAL MARKETS
2020
Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie
Interest rate benchmarks are important for the functioning of financial markets and for the transmission of monetary policy. Financial markets are largely based on such indices as a reference in financial contracts. The absence of benchmarks could trigger financial market disruptions, with a possible significant negative impact on the transmission of monetary policy decisions of the European Central Bank and on the Eurosystem's ability to contribute to the smooth implementation of policies
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