The Use of the Eurosystem's Monetary Policy Instruments and its Monetary Policy Implementation Framework Q2 2016 – Q4 2017

This paper provides a comprehensive overview of the use of the Eurosystem's monetary policy instruments and the operational framework from the second quarter of 2016 to the last quarter of 2017. It reviews the context of Eurosystem market operations; the design and operation of the Eurosystem's counterparty and collateral frameworks; the fulfilment of minimum reserve requirements; participation in credit operations and recourse to standing facilities; and the conduct of outright asset purchase programmes. The paper also discusses the impact of monetary policy implementation on the Eurosystem's balance sheet, excess liquidity and money market liquidity conditions

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Year of publication:	2018
Authors:	Bock, Alexander
Other Persons:	Cajnko, Miha (contributor) ; Daskalova, Svetla (contributor) ; Durka, Iwona (contributor) ; Gallagher, Brian (contributor) ; Grandia, Roel (contributor) ; Haberbush, Glenn (contributor) ; Kamps, Annette (contributor) ; Luskin, Alaoishe (contributor) ; Lo Russo, Michelina (contributor) ; Castillo Lozoya, Ma Carmen (contributor) ; Pasqualone, Filippo (contributor) ; Thomas, Michael (contributor) ; Vasconcelos, Isabel (contributor)
Publisher:	[2018]: [S.l.] : SSRN
Subject:	Geldpolitik \| Monetary policy \| Offenmarktpolitik \| Open market operations \| Eurozone \| Euro area \| Mindestreserve \| Reserve requirements \| EU-Staaten \| EU countries \| Theorie \| Theory

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Extent:	1 Online-Ressource (58 p)
Series:	ECB Occasional Paper ; No. 209
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 30, 2018 erstellt
Other identifiers:	10.2139/ssrn.3172028 [DOI]
Classification:	D02 - Institutions: Design, Formation, and Operations ; E43 - Determination of Interest Rates; Term Structure Interest Rates ; E58 - Central Banks and Their Policies ; E65 - Studies of Particular Policy Episodes ; G01 - Financial Crises
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012920177