Showing 1 - 10 of 198
This paper explores the role of central bank capital in ensuring that central banks focus on price stability in monetary policy decisions. The paper goes beyond the existing literature on this topic by developing a simple, but comprehensive, model of the relationship between a central bank's...
Persistent link: https://www.econbiz.de/10011604438
This paper explores the role of central bank capital in ensuring that central banks focus on price stability in monetary policy decisions. The paper goes beyond the existing literature on this topic by developing a simple, but comprehensive, model of the relationship between a central bank's...
Persistent link: https://www.econbiz.de/10005530849
This paper explains to what extent excess reserves are and should be relevant today in the implementation of monetary policy, focusing on the speci?c case of the operational framework of the Eurosystem. In particular, this paper studies the impact that changes to the operational framework for...
Persistent link: https://www.econbiz.de/10011604407
This paper explains to what extent excess reserves are and should be relevant today in the implementation of monetary policy, focusing on the specific case of the operational framework of the Eurosystem. In particular, this paper studies the impact that changes to the operational framework for...
Persistent link: https://www.econbiz.de/10009639415
Persistent link: https://www.econbiz.de/10001769219
Persistent link: https://www.econbiz.de/10003339160
The paper explores the relation between individual banks' liquidity management in the euro area and the ECB's management of the aggregate current accounts held by banks with the Eurosystem. It is argued that, in the case of the euro area with its large, remunerated reserve requirements that have...
Persistent link: https://www.econbiz.de/10005667851
This paper explains to what extent excess reserves are and should be relevant today in the implementation of monetary policy, focusing on the speci?c case of the operational framework of the Eurosystem. In particular, this paper studies the impact that changes to the operational framework for...
Persistent link: https://www.econbiz.de/10005222377
Persistent link: https://www.econbiz.de/10005363891
Persistent link: https://www.econbiz.de/10006028836