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Interestingly, the ECB's "general documentation" mentions both repo mechanics and collateralised loan mechanics, and makes no distinction between the two.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Sat Nov 2nd, 2013 at 02:46:45 PM EST
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