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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: Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School
    Depositing User: Administrator
    Date Deposited: 01 Oct 2010 13:25
    Last Modified: 02 Aug 2023 16:49


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