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This paper presents evidence that the existence of deposit and lending facilities combined with an averaging provision for the reserve requirement are powerful tools to stabilize the overnight rate. We reach this conclusion by comparing the behavior of this rate in Germany before and after the...
Persistent link: https://www.econbiz.de/10013321280
Persistent link: https://www.econbiz.de/10001472967
reducing the required minimum quality of collaterals in October 2008, the European Central Bank (ECB) refinanced credits in the …
Persistent link: https://www.econbiz.de/10010380612
information search patterns, of German citizens on trust in the ECB. We rely on a unique representative public opinion survey of …, about the ECB foster citizens' trust. Specific knowledge about the ECB is more influential than general monetary policy …, especially newspaper reading, has a significantly negative influence on trust. We conclude that the only viable way for the ECB …
Persistent link: https://www.econbiz.de/10010196544
information search patterns, of German citizens on trust in the ECB. We rely on a unique representative public opinion survey of …, about the ECB foster citizens trust. Specific knowledge about the ECB is more influential than general monetary policy …, especially newspaper reading, has a significantly negative influence on trust. We conclude that the only viable way for the ECB …
Persistent link: https://www.econbiz.de/10010482584
The actions by the European Central Bank (ECB) during the global and European crises have triggered a highly … and evaluates the different arguments made in favour and against ECB policies around three key dimensions - the link of … the ECB should pursue. This question remains unanswered. …
Persistent link: https://www.econbiz.de/10011651154
Persistent link: https://www.econbiz.de/10013118089
first segment examines the theory of the liquidity trap and introduces a distinction between a "weak" and "strong" liquidity …
Persistent link: https://www.econbiz.de/10009756555
economic theory had no decisive influence on the outcome, the central bank's role as a political actor in its own right and in …
Persistent link: https://www.econbiz.de/10014071707
This paper studies ECB and Bundesbank communication on monetary policy during the first years of the European Economic …. Finally, only the ECB Executive Board has observed radio silence before ECB Governing Council meetings. A positive conclusion …
Persistent link: https://www.econbiz.de/10013319026