Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/234486 
Erscheinungsjahr: 
2020
Schriftenreihe/Nr.: 
ECB Occasional Paper No. 245
Verlag: 
European Central Bank (ECB), Frankfurt a. M.
Zusammenfassung: 
This paper provides a comprehensive overview of the use of the Eurosystem's monetary policy instruments and the operational framework, from the first quarter of 2018 to the last quarter of 2019. It reviews the context of Eurosystem market operations; the design and operation of the Eurosystem's counterparty and collateral frameworks; the fulfilment of minimum reserve requirements; participation in credit operations and recourse to standing facilities; and the conduct of outright asset purchase programmes. The paper also discusses the impact of monetary policy on the Eurosystem's balance sheet, excess liquidity and money market liquidity conditions.
Schlagwörter: 
monetary policy implementation
central bank counterparty framework
central bank collateral framework
central bank liquidity management
non-standardmonetary policy measures
JEL: 
D02
E43
E58
E65
G01
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-92-899-4251-5
Dokumentart: 
Research Report

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