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Availability of high-quality liquid assets and monetary policy operations : an analysis for the euro area

Grandia, Roel (ed.); Hänling, Petra (ed.); … - Europäische Zentralbank - 2019

This paper provides an overview of supply and demand factors influencing the availability of euro-denominated debt instruments that qualify as high-quality liquid assets (HQLA) in the euro area. The paper estimates the supply of HQLA issued by the public and private sectors as well as the...

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