"Central bank collateral frameworks are an often overlooked feature of monetary policy that play a key role in the monetary and financial system. Readers will discover how central banks conduct and implement monetary policy beyond merely setting interest rates, and develop their understanding as...

The financial crisis has deeply affected money markets 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 looking at, first, the...

What caused the financial crisis -- What prolonged the crisis -- Why the crisis worsened dramatically a year after it began -- What went right in the two decades before the crisis -- Why a black swan landed in the money market in August 2007