Internationaler Währungsfonds - 2018
The flexibility shown by the ECB/Eurosystem in adapting its framework, as required by circumstances, has helped improve … funding and liquidity conditions. Compared to the situation pre-crisis, the ECB/Eurosystem has provided liquidity against a … (NCBs); risks are largely shared. Market participants are complimentary about the role the ECB/Eurosystem has played in …