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The role of central bank capital revisited
Bindseil, Ulrich; Manzanares, Andrés; Weller, Benedict - 2004
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
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The role of central bank capital revisited
Bindseil, Ulrich; Manzanares, Andrés; Weller, Benedict - European Central Bank - 2004
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
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The role of Central bank capital revisited
Bindseil, Ulrich - 2004
Persistent link: https://www.econbiz.de/10013434739
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Excess reserves and implementation of monetary policy of the ECB
Bindseil, Ulrich; Camba-Mendez, Gonzalo; Hirsch, Astrid; … - 2004
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
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Excess reserves and implementation of monetary policy of the ECB
Bindseil, Ulrich; Camba-Méndez, Gonzalo; Hirsch, Astrid; … - 2004
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
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Excess reserves and implementation of monetary policy of the ECB
Bindseil, Ulrich; Camba-Méndez, Gonzalo; Hirsch, Astrid; … - European Central Bank - 2004
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
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Central bank and commercial banks' liquidity management - what is the relationship?
Bindseil, Ulrich; Weller, Benedict; Wuertz, Flemming - In: Economic notes : economic review of Banca Monte dei … 32 (2003) 1, pp. 37-66
Persistent link: https://www.econbiz.de/10001769219
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Excess reserves and the implementation of monetary policy of the ECB
Bindseil, Ulrich; Camba-Méndez, Gonzalo; Hirsch, Astrid; … - In: Journal of policy modeling : JPMOD ; a social science … 28 (2006) 5, pp. 491-510
Persistent link: https://www.econbiz.de/10003339160
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The Role of Central Bank Capital Revisited
Bindseil, Ulrich; Manzanares, Andres; Weller, Benedict - 2021
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/10013319077
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Excess Reserves and the Implementation of Monetary Policy of the ECB
Bindseil, Ulrich; Camba-Mendez, Gonzalo; Hirsch, Astrid; … - 2021
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/10013319335