After eight years of service as Vice-President of the European Central Bank, the mandate of Lucas Papademos will end on 31 May 2010. In order to honour his career both as a distinguished academic and as an eminent central banker, the ECB will host a two-day colloquium entitled “The great...

Over the past five years, substantial experience with money market operations by the Eurosystem has been gained. Moreover, from March 2004, further important changes to the Eurosystem's framework for monetary policy implementation have come into effect. In light of these changes, and given the...