Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/207605 
Erscheinungsjahr: 
2019
Schriftenreihe/Nr.: 
ECB Occasional Paper No. 218
Verlag: 
European Central Bank (ECB), Frankfurt a. M.
Zusammenfassung: 
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.
Schlagwörter: 
regulatory changes
central bank policies
bank regulation
credit operations
asset purchase programme
JEL: 
D41
E58
G1
G28
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-92-899-3679-8
Dokumentart: 
Research Report

Datei(en):
Datei
Größe
463.54 kB





Publikationen in EconStor sind urheberrechtlich geschützt.