The Eurosystem operational framework, use of colleteral and liquidity distribution in the euro area: towards a single interbank market?
This paper analyses the current operational framework chosen to implement singlemonetary policy in the euro area, pointing out the effects of certain technical choices in the field of monetary policy instruments on the interbank market and bank treasuries. In particular, I examine how the tender typ...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2004-03-01
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| Series: | PSL Quarterly Review |
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| Online Access: | http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/9822/9707 |