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The distribution of excess liquidity in the euro area
Baldo, Luca; Hallinger, Benoît; Helmus, Caspar; … - 2017
Since 2008, excess liquidity - defined as the sum of holdings of central bank reserves in excess of reserve … small, slowly changing group of credit institutions. Despite the stability of the concentration of excess liquidity in … directing flows in the period 2015-16. In addition, the more recent concentration of excess liquidity is explained by the …
Persistent link: https://www.econbiz.de/10011747703
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The use of the Eurosystem's monetary policy instruments and operational framework since 2012
Alvarez, Inmaculada; Casavecchia, Fabio; De Luca, Marino; … - 2017
implementation on the Eurosystem's balance sheet and liquidity conditions. …
Persistent link: https://www.econbiz.de/10011642679
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The transmission channels of monetary, macro- and microprudential policies and their interrelations
Beyer, Andreas; Nicoletti, Giulio; Papadopoulou, Niki; … - 2017
This paper investigates the interrelations between monetary, macro- and microprudential policies. It first provides an overview of the three policies, starting with their main instruments and objectives. Monetary policy aims at maintaining price stability and promoting balanced economic growth,...
Persistent link: https://www.econbiz.de/10011647771