The ECB has accepted increasing amounts of rubbish collateral since the crisis started leading to exposure to serious …

The ECB has accepted increasing amounts of rubbish collateral since the crisis started leading to exposure to serious … ; central bank capital ; counterparty risk ; repurchase agreements ; collateral ; fiscal backing ; liquidity ; haircuts …-fiskalische Aktionen engagiert war noch kaufte sie während der Finanzkrise Bonds in großem Maße direkt auf. Zweitens schafft die EZB durch …

The ECB has accepted increasing amounts of rubbish collateral since the crisis started leading to exposure to serious …

studying an extensive dataset of banks' liquidity uptake and pledged collateral in central bank repos. We document systemic … arbitrage whereby banks funnel credit risk and low-quality collateral to the central bank. Weaker banks use lower quality … collateral to demand disproportionately larger amounts of central bank money (liquidity). This holds both before and after the …

The ECB has accepted increasing amounts of rubbish collateral since the crisis started leading to exposure to serious …-fiskalische Aktionen engagiert war noch kaufte sie während der Finanzkrise Bonds in großem Maße direkt auf. Zweitens schafft die EZB durch …

The ECB has accepted increasing amounts of rubbish collateral since the crisis started leading to exposure to serious …

assets as collateral and by outright purchases in the central bank balance sheet artificially keeps the asset prices up and …

assets as collateral and by outright purchases in the central bank balance sheet artificially keeps the asset prices up and …