This paper compares financial assistance programmes of four euro-area countries (Greece, Ireland, Portugal, and Cyprus …

driven by the behavior of the World Bank (borrowing from regional development banks tends to be acyclical). The paper also …

panel estimation, recursive and rolling estimation, and alternate data construction methods. The model performs better when …

This paper presents a small open economy model to analyze the role of central bank liquidity management in implementing … that the central bank uses to manage liquidity in the economy, which creates a role for the central bank balance sheet in … list of eligible collaterals accepted at the liquidity facilities operated by the central bank. These policies have been …