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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

Housing markets and macroeconomic risks

Cavalleri, Maria Chiara; Cournède, Boris; Ziemann, Volker - 2019

Housing markets are large and highly volatile: they can thus create large macroeconomic risks. The current paper provides a bird’s eye view of where the housing markets of major OECD economies currently stand. It then uses the results of recently developed models to provide indications of...

Persistent link: https://www.econbiz.de/10012111058

Macroeconomic impact of Basel III

Slovik, Patrick; Cournède, Boris - 2011

Persistent link: https://www.econbiz.de/10009689049

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

Monetary policy responses to the crisis and exit strategies

Minegishi, Makoto; Cournède, Boris - 2010

Persistent link: https://www.econbiz.de/10003948543

Monetary policy, market excesses and financial turmoil

Ahrend, Rudiger; Cournède, Boris; Price, Robert W. - 2008

Persistent link: https://www.econbiz.de/10003668306

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