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We analyse the impact of the Liquidity Coverage Ratio (LCR) on the demand for central bank reserves in the euro area with difference-in-differences estimation techniques. Using a novel dataset and an identification strategy that exploits the cross-country heterogeneity in the regulatory...
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crisis have affected the conduct of monetary policy by the European Central Bank (ECB) within the Eurosystem, have led to the … Financial Supervision (ESFS) and the then of the Banking Union (BU), in some pillars of which the role of the ECB is significant …
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We assess the macroeconomic impact of pandemic-related monetary policy measures of the ECB. Conditioning on …
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the European Central Bank (ECB) have evolved in these three countries since their introduction at the turn of the century … in Sweden. Since the start of the crisis, trust in the ECB was strongly influenced by the pronounced increase in … unemployment in the euro area, demonstrating that the ECB was held accountable for macroeconomic developments. Our results indicate …
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