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The effectiveness of the non-standard policy measures during the financial crises : the experiences of the federal reserve and the European Central Bank
Carpenter, Seth B.; Demiralp, Selva; Eisenschmidt, Jens - 2013
Persistent link: https://www.econbiz.de/10009766342
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The minimum liquidity deficit and the maturity structure of central banks' open market operations : lessons from the financial crisis
Eisenschmidt, Jens; Holthausen, Cornelia - 2010
This paper studies the relationship between the size of the banking sector’s refinancing needs vis-à-vis the central bank and auction rates in its open market operations in times of financial market stress. In a theoretical model, it is found that marginal rates at central bank auctions may...
Persistent link: https://www.econbiz.de/10008771777
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Money markets, central bank balance sheet and regulation
Corradin, Stefano; Eisenschmidt, Jens; Hoerova, Marie; … - 2020
functioning. We consider several metrics of activity in both secured and unsecured euro area money markets, and study interactions …
Persistent link: https://www.econbiz.de/10012301955