Bericht
The use of the Eurosystem's monetary policy instruments and operational framework since 2009
This paper provides a comprehensive overview of the use of the Eurosystem’s monetary policy instruments and the operational framework from the first quarter of 2009 until the second quarter 2012. The paper discusses in detail, from a liquidity management perspective, the standard and non-standard monetary policy measures taken over this period. The paper reviews the evolution of the Eurosystem balance sheet, participation in tender operations, the outright purchase programmes, patterns of reserve fulfilment, recourse to standing facilities as well as the steering of money market interest rates.
- Sprache
-
Englisch
- Erschienen in
-
Series: ECB Occasional Paper ; No. 135
- Klassifikation
-
Wirtschaft
Price Level; Inflation; Deflation
Demand for Money
Central Banks and Their Policies
Fiscal Policy
- Thema
-
central bank liquidity managem.
central bank operational framework
monetary policy implementation
Geldpolitik
Offenmarktpolitik
Wechselkurspolitik
Mindestreserve
Eurozone
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Eser, Fabian
Carmona Amaro, Marta
Iacobelli, Stefano
Rubens, Marc
- Ereignis
-
Veröffentlichung
- (wer)
-
European Central Bank (ECB)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2012
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Bericht
Beteiligte
- Eser, Fabian
- Carmona Amaro, Marta
- Iacobelli, Stefano
- Rubens, Marc
- European Central Bank (ECB)
Entstanden
- 2012