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Central banks normally accept debt of their own governments as collateral in liquidity operations without reservations …. This gives rise to a valuable liquidity premium that reduces the cost of government finance. The ECB is an interesting …
Persistent link: https://www.econbiz.de/10012511460
Central banks normally accept debt of their own governments as collateral in liquidity operations without reservations …. This gives rise to a valuable liquidity premium that reduces the cost of government finance. The ECB is an interesting …
Persistent link: https://www.econbiz.de/10012502045
Central banks normally accept debt of their own governments as collateral in liquidity operations without reservations …. This gives rise to a valuable liquidity premium that reduces the cost of government finance. The ECB is an interesting …
Persistent link: https://www.econbiz.de/10012502094
Persistent link: https://www.econbiz.de/10014544965
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Following the experience of the global financial crisis, central banks have been asked to undertake unprecedented responsibilities. Governments and the public appear to have high expectations that monetary policy can provide solutions to problems that do not necessarily fit in the realm of...
Persistent link: https://www.econbiz.de/10010400888
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recent policy record of the Bank of Japan and the ECB suggests that independent central banks have not always managed to …
Persistent link: https://www.econbiz.de/10011942211