in modern monetary and financial systems, namely central bank collateral frameworks. Their importance can be understood … by the observation that the money at the core of these systems, central bank money, is injected into the economy on terms …

to which indicators the central bank is assumed to respond to, ignoring the data-rich environment in which policy … reacts to a synthesis of the available information on the current and future state of the economy. - Taylor rules ; Monetary …

actions taken (or not taken) by the European Central Bank (ECB) meaningfully impact markets large and small, and ripple with … Policy ; Fiscal Policy ; European Central Bank ; European Monetary Union ; Debt Monetization ; Euro ; Basel ; Sovereign Debt …

representation in a federal central bank addressing this question. Optimal voting weights reflect two opposing forces: the wish to … Bundesbank and not always optimal. -- Central Bank ; Federal Central Bank ; currency union ; optimal representation ; voting …

This paper presents a small open economy model to analyze the role of central bank liquidity management in implementing … that the central bank uses to manage liquidity in the economy, which creates a role for the central bank balance sheet in … list of eligible collaterals accepted at the liquidity facilities operated by the central bank. These policies have been …

This study assesses the European Central Bank’s (ECB) crisis management performance and potential for crisis resolution … crisis conditions, and how the bank has actually used its leeway since 2007-or might do so in the future. The study finds … managing the euro crisis, but that in general the bank did "too little, too late" to prevent the euro area from slipping into …