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Central bank digital currency and bank intermediation : exploring different approaches for assessing the effects of a digital euro on euro area banks

Adalid, Ramón; Álvarez-Blázquez, Álvaro; … - 2022

provide euro area citizens with access to central bank money in an increasingly digitalised world. While a digital euro could … offer a wide range of benefits, it could prompt changes in the demand for bank deposits and services from private financial … entities (ECB, 2020a), with knock-on consequences for bank lending and resilience. By inducing bank disintermediation, a …

Persistent link: https://www.econbiz.de/10013198349

Central bank digital currencies : an active role for commercial banks

Denecker, Olivier; D'Estienne, Arnaud; Gompertz, … - In: Journal of payments strategy & systems 17 (2023) 1, pp. 26-35

Persistent link: https://www.econbiz.de/10014319124

TARGET Instant Payment Settlement : the Eurosystem's response to an evolving payments landscape

Jessé, Marc Bayle de - In: Journal of payments strategy & systems 12 (2018/2019) 4, pp. 322-327

Persistent link: https://www.econbiz.de/10012041965

The ECB after the crisis : existing synergies among monetary policy, macroprudential policies and banking supervision

Cassola, Nuno; Kok Sørensen, Christoffer; Mongelli, … - 2019

The prolonged crisis exposed the vulnerability of a monetary union without a banking union. The Single Supervisory Mechanism (SSM), which started operating in November 2014, is an essential step towards restoring banks to health and rebuilding trust in the banking system. The ECB is today...

Persistent link: https://www.econbiz.de/10012132851

Availability of high-quality liquid assets and monetary policy operations : an analysis for the euro area

Grandia, Roel (ed.); Hänling, Petra (ed.); … - Europäische Zentralbank - 2019

This paper provides an overview of supply and demand factors influencing the availability of euro-denominated debt instruments that qualify as high-quality liquid assets (HQLA) in the euro area. The paper estimates the supply of HQLA issued by the public and private sectors as well as the...

Persistent link: https://www.econbiz.de/10011976095

Macroprudential policy at the ECB : institutional framework, strategy, analytical tools and policies

Constâncio, Vítor (ed.); Cabral, Inês (contributor); … - 2019

This occasional paper describes how the financial stability and macroprudential policy functions are organised at the ECB. Financial stability has been a key policy function of the ECB since its inception. Macroprudential policy tasks were later conferred on the ECB by the Single Supervisory...