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Monetary transmission right from the start : the (dis)connection between 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 … allotment policy introduced by the ECB as an unconventionalmeasure to re-stabilize banks’ refinancing conditions. -- Financial …
Persistent link: https://www.econbiz.de/10003953030
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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 … allotment policy introduced by the ECB as an unconventionalmeasure to re-stabilize banks' refinancing conditions. -- Financial …
Persistent link: https://www.econbiz.de/10003962841
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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 …
Persistent link: https://www.econbiz.de/10009373439
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CAROs : Climate risk-adjusted refinancing operations
Böser, Florian; Colesanti Senni, Chiara - 2021 - This Version: June 2, 2021
misallocation of resources and financial instability. Climate riskadjusted refinancing operations (CAROs) conducted by the central …
Persistent link: https://www.econbiz.de/10012544313
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3-year LTROs : a first assessment of a non-standard policy measure
Belke, Ansgar - 2013
This paper provides a first preliminary assessment of the recent two 3-year long-term refinancing operations (3Y LTROs …
Persistent link: https://www.econbiz.de/10010255141
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Monetary policy implementation and pass-through
Canetg, Fabio - 2020
I provide a simple general equilibrium model of monetary policy implementation and pass-through for undergraduate and graduate teaching. Besides a household and a firm, the model features a continuum of commercial banks, a government, and a central bank. The household uses deposits and cash to...
Persistent link: https://www.econbiz.de/10012170663
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The use of the Eurosystem's monetary policy instruments and its monetary policy implementation framework in 2022 and 2023
Hudepohl, Tom (ed.); Malderez, Suzanne (ed.) - 2024
under the asset purchase programmes, revisions to the conditions of targeted longer-term refinancing operations (TLTROs) and …
Persistent link: https://www.econbiz.de/10015052097
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A Model of the Eurosystem’s Operational Framework and the Euro Overnight Interbank Market
Hauck, Achim - 2012
the interbank market, a refinancing operation with unlimited liquidity supply and two standing facilities offered by the …
Persistent link: https://www.econbiz.de/10013103944
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The (Unobservable) Value of Central Bank's Refinancing Operations
Albertazzi, Ugo; Burlon, Lorenzo; Pavanini, Nicola; … - 2021
We quantify the impact that central bank refinancing operations and funding facilities had at reducing the banking … reduction (increase) in the ECB lending rate of its refinancing operations reduces (increases) the median of banks’ default risk …
Persistent link: https://www.econbiz.de/10013315230
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The role of refinancing in the interest rate pass-through to fixed-rate mortgage contracts
Hensch, Jonas Ladegaard - 2021
In this paper, I study how mortgage refinancing influences the interest rate pass-through to household budgets via … endogenously determines household refinancing decisions as a function of their incentives. I show that the model leads to a dynamic … empirical relevance of the model and the contribution of the refinancing channel in that context. I estimate the aggregate …
Persistent link: https://www.econbiz.de/10012510137