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We assess the impact of the Eurosystem's Targeted Long-Term Refinancing Operations (TLTROs) on the lending policies of … euro area banks. We first build a theoretical model in which banks compete in the credit and deposit markets. We …
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We assess the impact of the Eurosystem's Targeted Long-Term Refinancing Operations (TLTROs) on the lending policies of … euro area banks. To guide our empirical research, we build a theoretical model in which banks compete à la Cournot in the …
Persistent link: https://www.econbiz.de/10012893358
In June 2014, the European Central Bank (ECB) announced the implementation of new refinancing operations aimed at … Longer-Term Refinancing Operations. In particular, it shows how these options participate to the incentive mechanisms at play …
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improve the Euro architecture, restore the uniqueness of the Euro interest rate term structure, exit from the crisis and … undertake a path of sustainable growth for all the member countries: the European Public Debt Refinancing Program …
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