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.
- Language
-
Englisch
- Bibliographic citation
-
Series: ECB Occasional Paper ; No. 135
- Classification
-
Wirtschaft
Price Level; Inflation; Deflation
Demand for Money
Central Banks and Their Policies
Fiscal Policy
- Subject
-
central bank liquidity managem.
central bank operational framework
monetary policy implementation
Geldpolitik
Offenmarktpolitik
Wechselkurspolitik
Mindestreserve
Eurozone
- Event
-
Geistige Schöpfung
- (who)
-
Eser, Fabian
Carmona Amaro, Marta
Iacobelli, Stefano
Rubens, Marc
- Event
-
Veröffentlichung
- (who)
-
European Central Bank (ECB)
- (where)
-
Frankfurt a. M.
- (when)
-
2012
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Bericht
Associated
- Eser, Fabian
- Carmona Amaro, Marta
- Iacobelli, Stefano
- Rubens, Marc
- European Central Bank (ECB)
Time of origin
- 2012
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Economic and Monetary Union, the European System of Central Banks and the Eurosystem
The working of the eurosystem - monetary policy preparations and decision-making – selected issues
The single monetary policy in the Euro area : general documentation on Eurosystem monetary policy instruments and procedures
The use of the eurosystem's monetary policy instruments and operational framework since 2009
The use of the Eurosystem's monetary policy instruments and operational framework since 2012
A model of the Eurosystem's operational framework for monetary policy implementation
A model of the Eurosystem's operational framework for monetary policy implementation
Redistributing central bank profits & losses across the Eurosystem: the Eurosystem's monetary income
The Eurosystem in the international monetary system : the European Monetary Union
The design of the Eurosystem's monetary policy instruments
The Eurosystem approach to monetary policy and liquidity management
Eurosystem Monetary Targeting: Lessons from U.S. Data
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