Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/19629 
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dc.contributor.authorOffermanns, Christian J.en
dc.contributor.authorNautz, Dieteren
dc.date.accessioned2009-01-28T16:01:35Z-
dc.date.available2009-01-28T16:01:35Z-
dc.date.issued2006-
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
dc.language.isoengen
dc.publisher|aDeutsche Bundesbank |cFrankfurt a. M.en
dc.relation.ispartofseries|aDiscussion Paper Series 1 |x2006,01en
dc.subject.jelE43en
dc.subject.jelE52en
dc.subject.ddc330en
dc.subject.keywordMonetary Policy Implementationen
dc.subject.keywordTerm Structure of Interest Ratesen
dc.subject.keywordNonlinear Cointegrationen
dc.subject.stwZinspolitiken
dc.subject.stwWirtschaftspolitische Wirkungsanalyseen
dc.subject.stwZinsstrukturen
dc.subject.stwEuropäische Wirtschafts- und Währungsunionen
dc.subject.stwEU-Staatenen
dc.titleThe dynamic relationship between the Euro overnight rate, the ECB´s policy rate and the term spread-
dc.typeWorking Paperen
dc.identifier.ppn507599284en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:bubdp1:4238en

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