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Euro area CDS spreads in the crisis : the role of open market operations and contagion
Gerlach-Kristen, Petra - 2013
This paper studies euro area CDS spreads during the financial crisis. We examine the impact of the crisis on both commercial banks and sovereigns, and focus on two questions. First, have the ECB's open market operations reduced market stress? It seems that large repo volumes, especially if...
Persistent link: https://www.econbiz.de/10009702192
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The impact on the Polish economy of the Structural Open Market Operations programme conducted by NBP
Hertel, Katarzyna; Humanicki, Marcin; Kitala, Marcin; … - 2022
Persistent link: https://www.econbiz.de/10012990192
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The fall of Bagehot : monetary policy implementation during the financial crisis
Berg, Jesper - In: Nationaløkonomisk tidsskrift 155 (2017) 1, pp. 5-28
Persistent link: https://www.econbiz.de/10011765233
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Over- and underbidding in central bank open market operations conducted as fixed rate tender
Bindseil, Ulrich - 2004 - This version: February 2003
Open market operations play a key role in allocating central bank funds to the banking system and thereby to steer … short-term interest rates in line with the stance of monetary policy. Many central banks apply so-called "fixed rate tender …" auctions in their open market operations. This note presents, on the basis of a survey of central bank experience, a model of …
Persistent link: https://www.econbiz.de/10010514262
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Cacophony in central banking? : evidence from euro area speeches on monetary policy
Feldkircher, Martin; Hofmarcher, Paul; Siklos, Pierre L. - 2022
Persistent link: https://www.econbiz.de/10013478560
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Convergence of non-EU countries in the CESEE region
Grieveson, Richard; Holzner, Mario - 2021
Almost all non-EU CESEE countries have converged with Western Europe over the past three decades. However, the pace of convergence has been mixed. For non-EU CESEE countries as a whole, convergence has generally developed at a slower pace than for EU member states in the region.Econometrically,...
Persistent link: https://www.econbiz.de/10012653232
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Declining valuations and equilibrium bidding in central bank refinancing operations
Ewerhart, Christian (contributor); Cassola, Nuno (contributor) - 2006
It is argued that bidders in liquidity-providing central bank operations should typically possess declining marginal … valuations. Based on this hypothesis, we construct an equilibrium in central bank refinancing operations organised as variable …
Persistent link: https://www.econbiz.de/10003358659
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Bidding and performance in repo auctions : evidence from ECB open market operations
Bindseil, Ulrich (contributor); Nyborg, Kjell G. (contributor) - 2005
Persistent link: https://www.econbiz.de/10003308828
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Bidding behaviour in the ECB's main refinancing operations during the financial crisis
Eisenschmidt, Jens; Hirsch, Astrid; Linzert, Tobias - 2009
Liquidity provision through its repo auctions has been one of the main instruments of the European Central Bank (ECB …. -- Central Bank Auctions ; Financial Market Turmoil ; Panel Sample Selection Model ; Bidding Behavior ; Monetary Policy …
Persistent link: https://www.econbiz.de/10003866003
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Fusionskontrolle : Verantwortung des Staates für offene Märkte ; Deutschland und die EU im Vergleich
Weitbrecht, Andreas - In: Freier Wettbewerb - Verantwortung des Staates : …, (pp. 65-80). 2008
Persistent link: https://www.econbiz.de/10003849338