The ECB and the Interbank Market
Datos Bibliográficos
| ID | 9717347 |
|---|---|
| Autores | Domenico Giannone (0000-0003-3850-2586, UniversitéLibre de Bruxelles – ECARES and CEPR), Michele Lenza (European Central Bank), Huw Pill (Goldman Sachs), Lucrezia Reichlin (Université Libre de Bruxelles – ECARES and CEPR European Central Bank Goldman Sachs London Business School and CEPR) |
| Año | 2012 |
| Volumen | 122 |
| Número | 564 |
| Páginas | F467-F486 |
| Fecha de publicación | 2012-11-01 |
| Peer Reviewed | Sí |
| Open Access | Sí |
| Tipo | ARTICLE |
| Revista | The Economic Journal (JOURNAL) |
| Identificadores de la revista | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Editorial | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/j.1468-0297.2012.02553.x |
| OpenAlex | W2168476343 |
| Idioma | EN |
| Citas recibidas | 9 |
| Referencias citadas | 18 |
We analyse the impact on the euro area economy of the ECB's non-standard monetary policy measures by studying the effect of the expansion of intermediation of interbank transactions across the central bank balance sheet. We exploit data drawn from the aggregated Monetary and Financial Institutions (MFI) balance sheet, which allow us to construct a measure of the 'policy shock' represented by the ECB's increasing role as a financial intermediary. We find small but significant effects on both loans and real economic activity. © 2012 Royal Economic Society
Balance sheet · Construct (python library · Economics · Exploit · Financial intermediary · Financial system · Interbank lending market · Intermediation · Macroeconomics · Monetary economics · Monetary policy · Money market · Shock (circulatory · Banking stability, regulation, efficiency · European Monetary and Fiscal Policies · Finance · Global Financial Crisis and Policies
The effect of ECB monetary policies on interest rates and volumes
Germany”, Asset Class Contagion, and Contagious Stability
What difference does Euro membership make to stabilization? The political economy of international monetary systems revisited
An assessment of the effects of unconventional monetary policies on the cost of credit to non-financial companies in the eurozone
Nouvelle normale » ou « nouvelle orthodoxie »
Effets macroéconomiques et financiers des politiques monétaires non conventionnelles dans la zone euro
Unintended Consequences of Central Bank Lending in Financial Crises
Quantitative Easing and Unconventional Monetary Policy – an Introduction
The Interplay of Economic Reforms and Monetary Policy
| Obras citantes distintas | 9 |
|---|---|
| Citas por año | 0,64 |
| Intervalo de citas | 2012 - 2023 (12) |
| Velocidad de citación | historical |
| Altamente citado | No |
| Tipos de cita | Neutras: 9 |