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The European Central Bank as lender of last resort in the government bond markets
De Grauwe, Paul - In: CESifo economic studies : CESifo, a joint initiative of … 59 (2013) 3, pp. 520-535
The sovereign debt crisis has made it clear that central banking is more than keeping inflation low. Central banks are also responsible for financial stability. An essential tool in maintaining financial stability is provided by the capacity of the central bank to be the lender of last resort in...
Persistent link: https://www.econbiz.de/10009793389
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How to monitor the exit from the Eurosystem`s unconventional monetary policy : is EONIA dead and gone?
Hejmans, Ronald; Heuver, Richard; Gorgi, Zion - 2016
Persistent link: https://www.econbiz.de/10011444105
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The Eurosystem, the banking sector and the money market
Mercier, Paul - 2013
Persistent link: https://www.econbiz.de/10010420107
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Central bank collateral frameworks
Nyborg, Kjell G. - 2015
This paper seeks to inform about a feature of monetary policy that is largely overlooked, yet occupies a central role 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...
Persistent link: https://www.econbiz.de/10011296085
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Eurozone stock market reaction to monetary policy interventions and other covariates
Petrakis, Nikolaos; Lemonakis, Christos; Floros, Christos; … - In: Journal of risk and financial management : JRFM 15 (2022) 2, pp. 1-19
conventional and non-standard expansionary monetary policy interventions in order to stabilize eurozone economies. We conducted a … with two main macroeconomic variables and a sentiment indicator, on market equity returns of eurozone countries for the … influenced market indices while non-conventional actions mainly affected core eurozone countries that were less affected by the …
Persistent link: https://www.econbiz.de/10012820682
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The financial market effects of the ECB's balance sheet policies
Lewis, Vivien; Roth, Markus - 2015
Persistent link: https://www.econbiz.de/10011705372
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The digital euro : a precautionary device, not a deus ex machina
Angeloni, Ignazio - 2023
There is much discussion today about a possible digital euro (PDE). Is this attention exaggerated? Are "central bank digital currencies" (CBDCs) "a solution in search of a problem", as some have argued? This article summarizes the main facts about the PDE and concludes that, if the decision on...
Persistent link: https://www.econbiz.de/10014279231
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A silent revolution : how central bank statistics have changed in the last 25 years
De Bonis, Riccardo; Piazza, Matteo - In: PSL quarterly review 74 (2021) 299, pp. 347-371
This work provides a comprehensive overview of the giant leap made by European central bank statistics over the last quarter century. We illustrate, first, the work that led to a brand-new set of central bank statistics for the implementation of the common monetary policy in the euro area and...
Persistent link: https://www.econbiz.de/10013175146
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On the time-varying effects of the ECB’s asset purchases
Zlobins, Andrejs - 2021
Persistent link: https://www.econbiz.de/10012792375