The Eurosystem collateral framework (ESCF) has played a key role in the ECB monetary policy implementation since 1999 …

variables, using a high frequency data set which measures the impact of the ECB's monetary policy decisions. For the period 2002 …

interest rates have hit their effective lower bounds (ELB). In case of the European Central Bank (ECB), this should have … increased the informational content of the introductory statements at the press conference following ECB policy meetings. We … examine whether this form of ECB communication adds information to a shadow interest rate that summarises the overall policy …

Central Bank (ECB) quantitative easing programme in early 2015 that bank lending improved sustainably. This study analyses the … impact of the ECB's Public Sector Purchase Programme (PSPP) on the access to finance of small- and medium-sized enterprises …, sector, and country. The ECB's government bond purchases improved financial access on the aggregate euro area level and …

recent policy record of the Bank of Japan and the ECB suggests that independent central banks have not always managed to …

and the Volcker Rule. Furthermore, our evidence suggests that the ECB’s asset purchase programs have led to a decrease in …

This paper discusses the effects of the ECB's asset purchase programmes (APPs) on the SER spread, while the main focus … financial data and the consequent analysis was made on intraday and high-frequency (HF) 2015-2017 data. The ECB's APP, mainly … first three years of the PSPP implementation. Whether it was the "sovereign bond-based leg" directly affected by the ECB …