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Persistent link: https://www.econbiz.de/10010395346
This paper examines central bank independence with reference to the constraints on central bank credit to the government, focusing on how such credit should be regulated. It discusses why credit should be contsrained, and in which forms, and how to implement those constraints
Persistent link: https://www.econbiz.de/10014404981
In tandem with Eurozone financial market developments and the prevalence of negative interest rates in 2020, Cypriot … banks passed through the costs of their liquidity to their customers, reducing the attractiveness of placing PDMO cash … surpluses in domestic bank deposits. Suitable investment alternatives to central bank deposits for the PDMO's liquidity buffer …
Persistent link: https://www.econbiz.de/10013169226
Following a deep recession in 2020 and further contraction in 2021Q1, the euro area economy recovered rapidly in the second and third quarters thanks to high vaccination levels, increasing household and business adaptability to the virus, and continued forceful policy support. Looking ahead,...
Persistent link: https://www.econbiz.de/10013169107
Denmark entered the pandemic on a strong economic footing and utilized its large policy space built over time to successfully address the crisis and lay the ground for a strong recovery. The outlook is for a rebound in activity, but uncertainty remains elevated with risks tilted to the downside....
Persistent link: https://www.econbiz.de/10012604059
Persistent link: https://www.econbiz.de/10012697865
and inflation expectations remain very low, below the European Central Bank's medium-term price stability objective. Euro …
Persistent link: https://www.econbiz.de/10011675707
The euro area has experienced an unprecedented economic downturn and exceptional financial market turmoil in the past few years. Policymakers have faced the twin challenges of addressing cyclical economic weakness--not unlike other industrial countries following the global economic crisis--and...
Persistent link: https://www.econbiz.de/10013548491