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Nonlinear Liquidity Adjustments in the Euro Area Overnight Money Market

Beaupain, Renaud - 2012

The market-oriented approach promoted by the European Central Bank in the design of its refinancing operations creates …

Persistent link: https://www.econbiz.de/10013097431

Who Responds More to Monetary Policy, Conventional Banks or Participation Banks?

Macit, Fatih - 2012

In this paper I investigate whether there is a systematic difference between conventional banks and participation banks in terms of their response to monetary policy shocks. For this purpose I look at the quarterly loan growth of commercial banks and participation banks in Turkish banking sector...

Persistent link: https://www.econbiz.de/10013098856

The Dynamics of Bank Loans Short-Term Interest Rates in the Euro Area : What Lessons Can We Draw from the Current Crisis?

Avouyi-Dovi, Sanvi - 2014

monthly database collected by the national central banks of the Eurosystem, over the period January 2003-November 2012. We …

Persistent link: https://www.econbiz.de/10013061518

Estimating the appropriate quantity of settlement balances in a floor system

Bulusu, Narayan; McNeely, Matthew; McRae, Kaetlynd; … - 2023

In April 2022, the Bank of Canada announced that it would continue to use a floor system to implement monetary policy by providing a sufficiently large quantity of settlement balances to enable the overnight repo rate to trade at close to the deposit rate. In contrast, the Bank's guiding...

Persistent link: https://www.econbiz.de/10014392970

A review of the Bank of Canada's market operations related to COVID-19

Johnson, Grahame - 2023

The economic lockdowns that began in March 2020 in response to the COVID-19 pandemic led to an unparalleled level of financial market disruption. Investors sought liquidity by selling financial assets and drawing down loans and credit lines. The speed, scale and one-way nature of these...

Persistent link: https://www.econbiz.de/10014251268

CBDC and the operational framework of monetary policy

Abad, Jorge; Nuño, Galo; Thomas, Carlos - 2024

We analyze the impact of introducing a central bank-issued digital currency (CBDC) on the operational framework of … frictional interbank market, a central bank with deposit and lending facilities, and household preferences for different liquid … reflects the parallel impact of CBDC on the central bank's operational framework. For relatively moderate CBDC adoption levels …

Persistent link: https://www.econbiz.de/10014456302

Systemically important banks : emerging risk and policy responses : an agent-based investigation

Popoyan, Lilit; Napoletano, Mauro; Roventini, Andrea - 2023

to Basel III macro-prudential frameworks and manage their liquidity in the interbank market. The Central Bank performs …

Persistent link: https://www.econbiz.de/10014332099

Mixing QE and interest rate policies at the effective lower bound : micro evidence from the euro area

Bittner, Christian; Rodnyansky, Alexander; Saidi, Farzad; … - 2024

decrease. Using administrative data from Germany, we uncover that among banks selling their securities, central-bank reserves …

Persistent link: https://www.econbiz.de/10014520834

Monetary policy and gender discrimination in the credit market

Chundakkadan, Radeef - In: Journal of government and economics : JGE 12 (2023), pp. 1-10

The studies on monetary policy highlight that a contractionary policy reduces a firm's access to external funds. However, it is unknown whether it affects men and women equally. In this scenario, the aim of this paper is twofold. First, to investigate the differential effect of monetary policy...

Persistent link: https://www.econbiz.de/10014518048

Der Einfluss des Einlagesatzes des Eurosystems auf das Kreditangebot der Banken

Bucher, Monika; Neyer, Ulrike - In: Credit and Capital Markets – Kredit und Kapital 49 (2016) 2, pp. 221-244

Die Liquiditätsausweitung des Eurosystems seit dem Herbst 2008 hat zu einer massiven Überschussliquidität im Bankensektor geführt, die sich in entsprechend hohen Einlagen der Geschäftsbanken beim Eurosystem widerspiegelt. Vor diesem Hintergrund untersucht dieser Beitrag, welchen Einfluss...

Persistent link: https://www.econbiz.de/10014522619