This study considers the pass-through of different ECB monetary policy measures to bank corporate lending rates of … transmission of monetary policy to bank lending rates appears to have become less efficient below zero, particularly in the case of … below zero or held significant amounts of negative interest-bearing central bank deposits. We see a reversal in the pass …

Federal Reserve Board and the European Central Bank-were ultimately responsible for the outburst of global financial crisis of … tend not to take into account the policies of the European Central Bank. …

This paper shows that the eurozone payment system does not effectively protect member states from speculative attacks …. Suspicion of a departure from the common currency induces a terminal outflow of central bank money in weaker member states …. TARGET2 cannot inhibit this drain but only protects central bank assets. Evidence presented here suggests that a run on Italy …

This paper shows that the eurozone payment system does not effectively protect member states from speculative attacks …. Suspicion of a departure from the common currency induces a terminal outflow of central bank money in weaker member states …. TARGET2 cannot inhibit this drain but only protects central bank assets. Evidence presented here suggests that a run on Italy …

, this study shows how a two-pillar monetary policy strategy as practiced by the European central bank (ECB) can be conceived … growth rate corresponding to inflation target could reinforce the credibility of central bank announcements and the role of …. Three feedback monetary targeting rules, of which the design depends on economic structure and central bank preferences, are …

are high, the central bank assumes an intermediary function between liquidity surplus banks and liquidity deficit banks …