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The Eurosystem's open market operations : first experience with the March 2004 changes to the monetary policy operational framework

Decker, Doris; Valla, Natacha - In: Inflation, fiscal policy, and central banks, (pp. 61-81). 2006

Persistent link: https://www.econbiz.de/10003547845

The interest rate channel of monetary transmission mechanism in India : an empirical study

Patnaik, Anuradha; Ramanathan, A. - In: Artha vijñāna : journal of the Gokhale Institute of … 49 (2007) 2, pp. 141-156

Persistent link: https://www.econbiz.de/10003877487

Monetary transmission right from the start : the (dis)connection netween the money market and the ECB’s main refinancing rates

Abbassi, Puriya; Nautz, Dieter - 2010

The relation between the ECB's main refinancing (MRO) rates and the money market is key for the monetary transmission process in the euro area. This paper investigates how money market rates respond to the new information revealed by MRO auctions. Our results confirm a stabilizing level...

Persistent link: https://www.econbiz.de/10003962841

The effectiveness of monetary policy in steering money market rates during the recent financial crisis

Abbassi, Puriya; Linzert, Tobias - 2011

The recent financial crisis deeply affected the money market yield curve and thus, potentially, the proper functioning of the interest rate channel of monetary policy transmission. Therefore, we analyze the effectiveness of monetary policy in steering euro area money market rates using two...

Persistent link: https://www.econbiz.de/10009006637

Monetary transmission right from the start : on the information content of the eurosystem’s main refinancing operations

Abbassi, Puriya; Nautz, Dieter - 2011

The Eurosystem’s main refinancing operations (MRO) are key for the interbank money market and the monetary transmission process in the euro area. This paper investigates how money market rates respond to the information revealed by various aspects of an MRO auction outcome. Our results confirm...