The ECB has accepted increasing amounts of rubbish collateral since the crisis started leading to exposure to serious … private sector credit risk (i.e. default risk) on its collateralised lending and reverse operations ("repo"). This has led … ECB balance sheet risk is small compared to the FED and BoE as it neither increased its quasi-fiscal operations as much as …

; central bank capital ; counterparty risk ; repurchase agreements ; collateral ; fiscal backing ; liquidity ; haircuts …The ECB has accepted increasing amounts of rubbish collateral since the crisis started leading to exposure to serious … private sector credit risk (i.e. default risk) on its collateralised lending and reverse operations ("repo"). This has led …

; central bank capital ; counterparty risk ; repurchase agreements ; collateral ; fiscal backing ; liquidity ; haircuts …The ECB has accepted increasing amounts of rubbish collateral since the crisis started leading to exposure to serious … private sector credit risk (i.e. default risk) on its collateralised lending and reverse operations (“repo”). This has led …

This paper argues that using gold as collateral for highly distressed bonds would bring great benefits to the euro area … explains that gold has been used as collateral in the past and how a gold-backed bond might work and how it could lower yields … highlighted. For instance, there is by and large no transfer of credit risk between high risk/low risk countries, losses are borne …

This paper argues that using gold as collateral for highly distressed bonds would bring great benefits to the euro area … explains that gold has been used as collateral in the past and how a gold-backed bond might work and how it could lower yields … highlighted. For instance, there is by and large no transfer of credit risk between high risk/low risk countries, losses are borne …

The ECB has accepted increasing amounts of rubbish collateral since the crisis started leading to exposure to serious … private sector credit risk (i.e. default risk) on its collateralised lending and reverse operations ('repo'). This has led … ECB balance sheet risk is small compared to the FED and BoE as it neither increased its quasi-fi scal operations as much …

The ECB has accepted increasing amounts of rubbish collateral since the crisis started leading to exposure to serious … private sector credit risk (i.e. default risk) on its collateralised lending and reverse operations (repo). This has led some … risk is small compared to the FED and BoE as it neither increased its quasi-fiscal operations as much as the Fed or the BoE …

The notes in this compilation assess and comment on various aspects of the collateral policy and framework of the … Eurosystem. In particular, the notes consider the economic implications associated with the current ECB collateral policy for …

The notes in this compilation assess and comment on various aspects of the collateral policy and framework of the … Eurosystem. In particular, the notes consider the economic implications associated with the current ECB collateral policy for …