Sibert, A. (2008) Eligible central bank collateral in times of serious financial stress. Other. European Policy Department A: Economic and Scientific Policies, Brussels, Belgium.
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Official URL: http://www.europarl.europa.eu/activities/committee...
Abstract
The two main roles of a central bank in a modern society are to provide a stable means of payment and to ensure the smooth functioning of financial markets. The second role requires supporting the infrastructure of financial markets, by providing or regulating a payments system, and by ensuring that the main markets remain liquid. In this briefing paper I focus the ECB’s performance on this latter task during the recent financial turmoil.
| Item Type: | Monograph (Other) |
|---|---|
| Additional Information: | Briefing Paper |
| School or Research Centre: | Birkbeck Schools and Research Centres > School of Business, Economics & Informatics > Economics, Mathematics and Statistics |
| Depositing User: | Administrator |
| Date Deposited: | 01 Oct 2010 13:25 |
| Last Modified: | 17 Apr 2013 12:17 |
| URI: | http://eprints.bbk.ac.uk/id/eprint/1252 |
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