Eligible central bank collateral in times of serious financial stress
Sibert, Anne (2008) Eligible central bank collateral in times of serious financial stress. Other. European Policy Department A: Economic and Scientific Policies, Brussels, Belgium.
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:||Birkbeck Schools and Departments > School of Business, Economics & Informatics > Economics, Mathematics and Statistics|
|Date Deposited:||01 Oct 2010 13:25|
|Last Modified:||03 Jun 2013 07:13|
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