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http://hdl.handle.net/10419/19629
  

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dc.contributor.authorOffermanns, Christian J.en_US
dc.contributor.authorNautz, Dieteren_US
dc.date.accessioned2009-01-28T16:01:35Z-
dc.date.available2009-01-28T16:01:35Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/19629-
dc.description.abstractThis paper investigates how the dynamic adjustment of the European overnight rate Eonia to the term spread and the ECB's policy rate has been affected by rate expectations and the operational framework of the ECB. In line with recent evidence found for the US and Japan, the reaction of the Eonia to the term spread is non-symmetric. Moreover, the response of the Eonia to the policy rate depends on both, the repo auction format and the position of the Eonia in the ECB's interest rate corridor.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesDiscussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2006,01en_US
dc.subject.jelE43en_US
dc.subject.jelE52en_US
dc.subject.ddc330en_US
dc.subject.keywordMonetary Policy Implementationen_US
dc.subject.keywordTerm Structure of Interest Ratesen_US
dc.subject.keywordNonlinear Cointegrationen_US
dc.subject.stwZinspolitiken_US
dc.subject.stwWirtschaftspolitische Wirkungsanalyseen_US
dc.subject.stwZinsstrukturen_US
dc.subject.stwEuropäische Wirtschafts- und Währungsunionen_US
dc.subject.stwEU-Staatenen_US
dc.titleThe dynamic relationship between the Euro overnight rate, the ECB´s policy rate and the term spreaden_US
dc.typeWorking Paperen_US
dc.identifier.ppn507599284en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:bubdp1:4238-
Appears in Collections:Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank

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