Similar Search Results

Optimal allotment policy in the Eurosystem's main refinancing operations

Ewerhart, Christian; Cassola, Nuno; Ejerskov, Steen; … - 2003

On several occasions during the period 2001-2003, the European Central Bank (ECB) decided to deviate from its "neutral" benchmark allotment rule, with the effect of not alleviating a temporary liquidity shortage in the banking system. This is remarkable because it implied the possibility of...

Persistent link: https://www.econbiz.de/10009636518

Monetary policy targets and the stabilization objective : a source of tension in the EMS

Wieland, Volker - In: Journal of international money and finance 15 (1996) 1, pp. 95-116

Persistent link: https://www.econbiz.de/10001197727

The ECB after the crisis : existing synergies among monetary policy, macroprudential policies and banking supervision

Cassola, Nuno; Kok Sørensen, Christoffer; Mongelli, … - 2019

The prolonged crisis exposed the vulnerability of a monetary union without a banking union. The Single Supervisory Mechanism (SSM), which started operating in November 2014, is an essential step towards restoring banks to health and rebuilding trust in the banking system. The ECB is today...

Persistent link: https://www.econbiz.de/10012132851

Quantitative easing in the Euro Area : its record and future prospects

Beck, Günter W. (ed.); Wieland, Volker (ed.) - 2017

Persistent link: https://www.econbiz.de/10012228174

Lower for longer : the case of the ECB

Bletzinger, Tilman; Wieland, Volker - In: Economics letters 159 (2017), pp. 123-127

Persistent link: https://www.econbiz.de/10011903455

Dismantling the boundaries of the ECB's monetary policy mandate : the CJEU's OMT judgement and its consequences

Feld, Lars P. (contributor); Fuest, Clemens (contributor); … - Stiftung Marktwirtschaft / Kronberger Kreis - 2016

The German Federal Constitutional Court (Bundesverfassungsgericht) submitted an order for referral to the European Court of Justice (CJEU) in 2014, asking it to clarify the compatibility of the "Outright Monetary Transactions" (OMT)-Programme with European Union law. The OMT-Programme prepares...