Showing 1 - 10 of 17
The maturity of the operational target of monetary policy is a distinguishing feature of the SNB's operational framework of monetary policy. While most central banks use targets for the overnight rate to signal the policy-intended interest rate level, the SNB announces a target range for the...
Persistent link: https://www.econbiz.de/10010270728
This paper investigates how the dynamic adjustment of the European overnight rate Eonia to the term spread and the ECB's policy rate has been affected by rate expectations and the operational framework of the ECB. In line with recent evidence found for the US and Japan, the reaction of the Eonia...
Persistent link: https://www.econbiz.de/10010295789
This paper investigates how the dynamic adjustment of the European overnight rate Eonia to the term spread and the ECB's policy rate has been affected by rate expectations and the operational framework of the ECB. In line with recent evidence found for the US and Japan, the reaction of the Eonia...
Persistent link: https://www.econbiz.de/10005083261
The European overnight rate (Eonia) is the operational target of the European Central Bank (ECB) that signals the monetary policy stance and anchors the term structure of interest rates. This paper empirically investigates the transmission of Eonia volatility to longer term money market rates....
Persistent link: https://www.econbiz.de/10005333699
This paper investigates how the dynamic adjustment of the European overnight rate Eonia to the term spread and the European Central Bank's (ECB's) policy rate is affected by rate expectations and the operational framework of the ECB. In line with recent evidence found for the US and Japan, the...
Persistent link: https://www.econbiz.de/10005698541
Persistent link: https://www.econbiz.de/10005322418
The maturity of the operational target of monetary policy is a distinguishing feature of the SNB's operational framework of monetary policy. While most central banks use targets for the overnight rate to signal the policy-intended interest rate level, the SNB announces a target range for the...
Persistent link: https://www.econbiz.de/10008458282
Persistent link: https://www.econbiz.de/10007736493
Persistent link: https://www.econbiz.de/10007632486
The maturity of the operational target of monetary policy is a distinguishing feature of the SNB's operational framework of monetary policy. While most central banks use targets for the overnight rate to signal the policy-intended interest rate level, the SNB announces a target range for the...
Persistent link: https://www.econbiz.de/10003931796