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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.

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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: 03 Jun 2013 07:13

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