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The collateral policy of central banks : an analysis focusing on the eurosystem
Weber, Christopher - 2016
This dissertation was written by Christopher Weber during his time as a research assistant at the Center for Economic Studies (CES) at the Ludwig-Maximilians-Universität (LMU) Munich. It was handed in at the department of Economics at the LMU Munich in July 2016. The goal of the thesis is to...
Persistent link: https://www.econbiz.de/10011741966
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Target-Kredite, Leistungsbilanzsalden und Kapitalverkehr: Der Rettungsschirm der EZB
Sinn, Hans-Werner; Wollmershäuser, Timo - 2011
Die Europäische Währungsunion steckt in einer tiefen Zahlungsbilanzkrise. Insbesondere Griechenland, Irland, Portugal und Spanien wiesen in der Vergangenheit Leistungsbilanzdefizite auf, die sich bis März 2011 auf 314 Milliarden Euro akkumulierten. Dies entspricht dem Stand der aggregierten...
Persistent link: https://www.econbiz.de/10010312118
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Do we need central bank digital currency? : economics, technology and institutions
Gnan, Ernest (ed.); Masciandaro, Donato (ed.) - Do We Need Central Bank Digital Currency?: Economics, …; … - 2018
Persistent link: https://www.econbiz.de/10011944433
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Quasi Independence of Most Central Banks : Implications for Monetary Policy in Advanced Countries and Beyond
Ng, Wenfa - 2016
Persistent link: https://www.econbiz.de/10012979619
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Unappropriated Dollars : The Fed's Ad Hoc Lending Facilities and the Rules That Govern Them
Menand, Lev - 2020
Persistent link: https://www.econbiz.de/10012833832
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The Lender of Last Resort in the Eurozone
Steinbach, Armin - 2017
Liquidity supply by a Lender of Last Resort (LOLR) can be pivotal for both the conduct of monetary policy and safeguard … of financial stability. During the financial crisis, the importance of liquidity provision has significantly increased at … of Emergency Liquidity Assistance (ELA) through the National Central Banks (NCBs). This article examines the legal …
Persistent link: https://www.econbiz.de/10012969002
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The Design and Transmission of Central Bank Liquidity Provisions
Carpinelli, Luisa - 2020
We analyze the role of loan maturity and collateral eligibility for the transmission of central bank liquidity … extended the ECB liquidity maturity—in Italy, where banks benefited from a government guarantee program that effectively … (i) the maturity extension supported banks' credit supply and (ii) banks used most liquidity to buy domestic government …
Persistent link: https://www.econbiz.de/10012854562
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Can Central Banks Go Broke?
Buiter, Willem H. - 2014
The paper answers three questions.(1) Does it matter if a central bank suffers a large capital loss? (2) Can the central bank become insolvent? (3) When, how and by whom should the central bank be recapitalised?
Persistent link: https://www.econbiz.de/10013048185
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Central Bankers as Supervisors : Do Crises Matter?
Masciandaro, Donato - 2018
Following the 2007-09 Global Financial Crisis many countries have changed their financial supervisory architecture by increasing the involvement of central banks in supervision. This has led many scholars to argue that financial crises are an important driver in explaining the evolution of the...
Persistent link: https://www.econbiz.de/10012937307
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Governing Macro Prudential Policy : Do Central Bankers Do it Better?
Masciandaro, Donato - 2014
This paper offers a positive analysis of the relationships between macro prudential policy, micro supervision and central banking, presenting two contributions. Starting from the review of the recent theoretical models, which take the issue of the central bank involvement in macro supervision,...
Persistent link: https://www.econbiz.de/10013056197