and April 2020, the European Central Bank adopted a series of monetary policy measures aimed at providing liquidity … use as collateral to participate in Eurosystem financing operations. This paper, after a brief summary of the collateral … over the others in terms of the amount of collateral provided: the acceptance of partially government-guaranteed credit …

and April 2020, the European Central Bank adopted a series of monetary policy measures aimed at providing liquidity … use as collateral to participate in Eurosystem financing operations. This paper, after a brief summary of the collateral … over the others in terms of the amount of collateral provided: the acceptance of partially government-guaranteed credit …

Rationale The share of non-marketable assets (mainly bank loans) pledged as collateral in the Eurosystem’s monetary … the collateral pledged by Spanish counterparties in Eurosystem financing operations. A significant proportion of these non …

equilibrium market liquidity, and that the magnitudeof this effect is sensitive to the market’s information environment. We test …-the-run Treasury securities decline on days when POMOs are executed; and ii) POMOs’ positive liquidity externalities are increasing in …

In recent years a substantial amount of literature in one way or another deals with liquidity. The interest in it grows … measures of liquidity and publish them in the regular reports. But as in literature, there is still no consensus as what … liquidity really means and how it should be measured, or reported, understood or predicted, as the consistent summary of what …

present between central bank liquidity support and sovereign holdings, opportunistic strategies or reach-for-yield behavior … their higher risk-bearing capacity to gain exposure (via central bank liquidity) to the set of riskier sovereign bonds …