欧洲央行量化政策及其与流动性需求的一致性

Q4 Mathematics

Analele Stiintifice Ale Universitatii Al I Cuza Din Iasi - Matematica Pub Date : 2015-11-01 DOI:10.1515/aicue-2015-0029

S. Hlebik, G. Verga

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引用次数: 2

摘要

2008年，欧洲央行在传统利率调控的基础上增加了新的量化政策策略。这项新政策有时被称为“加强信贷支持”，其内容包括充分满足银行对流动性的需求，而欧洲央行(ecb)仅决定干预的时机和特征。本研究分析了采取这些措施的市场条件及其与银行系统流动性需求的一致性。此外，还考虑采取有利于PIIGS国家主权债务的措施。

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The European Central Bank Quantitative Policy and Its Consistency with the Demand for Liquidity

Abstract In 2008 the European Central Bank added a new quantitative policy strategy to its traditional control of the interest rates. This new policy, sometimes called “enhanced credit support”, consists of fully satisfying the demand for liquidity of banks, with the European Central Bank deciding only the timing and characteristics of its interventions. This study analyses the market conditions in which these measures have been taken and their consistency with the demand for liquidity by the banking system. Measures in favour of the sovereign debt of PIIGS countries are also considered.

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来源期刊

Analele Stiintifice Ale Universitatii Al I Cuza Din Iasi - Matematica MATHEMATICS-

CiteScore

0.70

自引率

0.00%

发文量

审稿时长

>12 weeks

期刊介绍： This journal is devoted to the publication of original papers of moderate length addressed to a broad mathematical audience. It publishes results of original research and research-expository papers in all fields of mathematics.