Similar Search Results

Bidder behavior in repo auctions without minimum bid rate : evidence from the Bundesbank

Linzert, Tobias; Nautz, Dieter; Breitung, Jörg - 2003

A distinguishing feature of the ECB's monetary policy setup is the preannouncement of a minimum bid rate in its weekly repo auctions. However, whenever interest rates are expected to decline, the minimum bid rate is viewed as too high and banks refrain from bidding, severely impeding the ECB's...

Persistent link: https://www.econbiz.de/10011432155

Bidder Behavior in Repo Auctions Without Minimum Bid Rate : Evidence from the Bundesbank

Linzert, Tobias - 2016

Persistent link: https://www.econbiz.de/10012991231

Bidder behavior in central bank repo auctions : evidence from the Bundesbank

Linzert, Tobias; Nautz, Dieter; Breitung, Jörg - In: Journal of international financial markets, … 16 (2006) 3, pp. 215-230

Persistent link: https://www.econbiz.de/10003328567

Bidder Behavior in Repo Auctions without Minimum Bid Rate: Evidence from the Bundesbank

Nautz, Dieter; Linzert, Tobias; Breitung, Jörg - 2003

Persistent link: https://www.econbiz.de/10010295761

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 … financial crisis. Since the start of the financial crisis, however, we find that MRO auction outcomes even exacerbated the … allotment policy introduced by the ECB as an unconventionalmeasure to re-stabilize banks’ refinancing conditions. -- Financial …

Persistent link: https://www.econbiz.de/10003953030

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 … aspects of an MRO auction outcome. Our results confirm that the level of MRO rates governed short-term money market rates …

Persistent link: https://www.econbiz.de/10009373439

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 … financial crisis. Since the start of the financial crisis, however, we find that MRO auction outcomes even exacerbated the … allotment policy introduced by the ECB as an unconventionalmeasure to re-stabilize banks' refinancing conditions. -- Financial …

Persistent link: https://www.econbiz.de/10003962841

Monetary Transmission Right from the Start : On the Information Content of the Eurosystem's Main Refinancing Operations

Abbassi, Puriya - 2016

The Eurosystem's main refinancing operations (MRO) are key for the interbank money market and the monetary transmission … aspects of an MRO auction outcome. Our results confirm that the level of MRO rates governed short-term money market rates …

Persistent link: https://www.econbiz.de/10012991019

The Informational Content of SMP Deposit Auctions in Forecasting Short-Term Repurchase Agreement Interest Rates (Dissertation)

Kalevras, Kostas - 2015

This paper analyzes the term deposit sterilizing open market operations conducted by the Eurosystem between May 2010 and June 2014 in the context of the Securities Market Program (SMP). The SMP operations involved outright purchases of government debt securities in the secondary market with a...

Persistent link: https://www.econbiz.de/10013028429

Sticky Inflation and Interest Rate Rules With Auction Prices

Von zur Mühlen, Peter - 2022

This paper considers the "Lucas"-critique issue of how the indicator role of auction prices is affected when the … central bank attempts to exploit the correlation between auction prices and inflation. This question is examined using a …

Persistent link: https://www.econbiz.de/10013403499