Zoekopties
Home Media Explainers Onderzoek & publicaties Statistieken Monetair beleid De euro Betalingsverkeer & markten Werken bij de ECB
Suggesties
Sorteren op
Niet beschikbaar in het Nederlands

Petra Hänling

1 February 2019
OCCASIONAL PAPER SERIES - No. 218
Details
Abstract
This paper provides an overview of supply and demand factors influencing the availability of euro-denominated debt instruments that qualify as high-quality liquid assets (HQLA) in the euro area. The paper estimates the supply of HQLA issued by the public and private sectors as well as the aggregated impact of Eurosystem monetary policy operations on the amount and composition of HQLA held by banks and other economic agents. An assessment of the main demand factors is also presented. Finally, the paper provides some insights into the interaction with and implications for the Eurosystem monetary policy implementation framework in the longer run.
JEL Code
D41 : Microeconomics→Market Structure and Pricing→Perfect Competition
E58 : Macroeconomics and Monetary Economics→Monetary Policy, Central Banking, and the Supply of Money and Credit→Central Banks and Their Policies
G1 : Financial Economics→General Financial Markets
G28 : Financial Economics→Financial Institutions and Services→Government Policy and Regulation

Onze website maakt gebruik van cookies

We gebruiken functionele cookies om voorkeuren van gebruikers op te slaan, analytische cookies om de werking van de website te verbeteren en cookies van derden die zijn ingesteld door in de website geïntegreerde externe diensten.

U kunt deze cookies accepteren of weigeren. Voor meer informatie of voor het herzien van uw voorkeuren over cookies en serverlogs die we gebruiken, kunt u hier terecht:

Onze privacyverklaring lezen

Nadere informatie over ons gebruik van cookies