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Las medidas del Banco Central Europeo y del Banco de España contra los efectos del COVID-19 en el marco de los activos de garantía de política monetaria, y su impacto en las entida...
Escolar Gómez, Jorge; Yribarren Ginel, José Ramón
use as collateral to participate in Eurosystem financing operations. This paper, after a brief summary of the collateral … over the others in terms of the amount of collateral provided: the acceptance of partially government-guaranteed credit … impact has differed widely, determined by the characteristics of the assets used as collateral and their management. Finally …
Persistent link: https://www.econbiz.de/10012666473
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European Central Bank and Banco de España measures against the effects of COVID-19 on the monetary policy collateral framework, and their impact on Spanish counterparties
Escolar Gómez, Jorge; Yribarren Ginel, José Ramón
use as collateral to participate in Eurosystem financing operations. This paper, after a brief summary of the collateral … over the others in terms of the amount of collateral provided: the acceptance of partially government-guaranteed credit … impact has differed widely, determined by the characteristics of the assets used as collateral and their management. Finally …
Persistent link: https://www.econbiz.de/10012666479
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The role of loans and the ICAS BE in the Eurosystem’s collateral framework in 2023
Gavilá, Sergio; Morales López, María Dolores
Rationale The share of non-marketable assets (mainly bank loans) pledged as collateral in the Eurosystem’s monetary … the collateral pledged by Spanish counterparties in Eurosystem financing operations. A significant proportion of these non …
Persistent link: https://www.econbiz.de/10014569531
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The effect of TLTRO III on Spanish credit institutions´ balance sheets
Castillo Lozoya, María del Carmen; Esteban …
Artículo de revista ; With the onset of the COVID-19 crisis, the ECB’s Governing Council modified the conditions of the TLTRO III, aiming to facilitate the flow of bank credit to the real economy. The new conditions encouraged an unprecedented level of take-up of the Eurosystem’s...
Persistent link: https://www.econbiz.de/10013199059
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Turkey: macro-financial situation
Sánchez Pastor, Paula
Rationale. Turkey is identified annually as a material country for the Spanish and euro area banking systems. Moreover, Turkey and Spain are linked by major trade and financial flows. It is therefore important to monitor the country’s macro-financial situation and main weaknesses. Takeaways....
Persistent link: https://www.econbiz.de/10013496657
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Türkiye: macro-financial situation
Sánchez Pastor, Paula; Melgar Rozúa, Alejandro; Río …
Rationale Türkiye is identified annually as a material country for the Spanish and euro area banking systems. Moreover, both are linked to Türkiye by major trade and financial flows. It is therefore important to monitor the country’s macro-financial situation and main weaknesses. Takeaways...
Persistent link: https://www.econbiz.de/10014442859
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ECB - Working paper series
European Central Bank
The ECB Working Paper Series seeks to disseminate economic research on issues that are relevant to the various tasks and functions of the ECB. The Series invites submissions of research work by ECB staff and visitors. Papers by researchers not affiliated with the ECB may also be considered for...
Persistent link: https://www.econbiz.de/10009635880
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Optimal Central Bank Conservatism and Monopoly Trade Unions
Berger, Helge; Hefeker, Carsten; Schoeb, Ronnie - 2000
The “conservative central banker” has come under attack recently. Explicitly modeling the interaction of a trade union with monetary policy, it has been argued that the standard solution to the inflationary bias in monetary policy might actually be welfare reducing if the trade union has an...
Persistent link: https://www.econbiz.de/10009447268
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Monetary Policy without Money: Hamlet without the Ghost
Laidler, David - 2003
monetary aggregates continue to have useful leading indicator properties. These facts, among others, suggest that a theory of …
Persistent link: https://www.econbiz.de/10009447279
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Hedger of last resort: evidence from Brazilian FX interventions, local credit, and global financial cycles
Gonzalez, Rodrigo Barbone; Khametshin, Dmitry; Peydró, … - 2020
Este documento demuestra que las políticas de un banco central local pueden atenuar los efectos del ciclo financiero global [Global Financial Cycle (GFC)]. Para su identificación, analizamos la variación del GFC y las intervenciones del Banco Central de Brasil en los mercados derivados de...
Persistent link: https://www.econbiz.de/10012523796