This paper offers an encompassing analysis of the ECB's collateral criteria between 2001 and 2013. A comprehensive … database of changes to collateral criteria is compiled and structured by asset classes. The main findings can be summarized in … three stylized facts: (1) Since the outbreak of the financial crisis, the ECB has been six times more active in collateral …

"Central bank collateral frameworks are an often overlooked feature of monetary policy that play a key role in the … setting interest rates, and develop their understanding as to how collateral policies may affect financial markets, financial …

Central bank collateral frameworks are an often overlooked feature of monetary policy that play a key role in the … setting interest rates, and develop their understanding as to how collateral policies may affect financial markets, financial … stability, and the real economy. This book studies the collateral framework in the euro area in detail, and levers this analysis …