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achieve this without adding further risky assets to the European Central Bank's balance sheet and thereby transferring credit …
Persistent link: https://www.econbiz.de/10010327996
inter-bank borrowing has gradually been replaced by collateralised central bank lending. This has in turn affected … collateral availability and the need for high-quality assets. The European Central Bank has reacted to this development by … accept bank loans as collateral). In the context of these developments, this article assesses and comments on various aspects …
Persistent link: https://www.econbiz.de/10011773240
Vigorous debate over the effectiveness of the fiscal adjustment programmes for the crisis-stricken countries in the eurozone has grown quite polarised. In this Forum, several experts use analytical, evidence-based approaches to gauge the effectiveness of these programmes. The role played by the...
Persistent link: https://www.econbiz.de/10010471483
preserve the integrity of the single currency. This has challenged the current framework of the Monetary Dialogue exercise …
Persistent link: https://www.econbiz.de/10011530750