The Scarcity Effect of Quantitative Easing on Repo Rates : Evidence from the Euro Area /

Most short-term interest rates in the Euro area are below the European Central Bank deposit facility rate, the rate at which the central bank remunerates banks' excess reserves. This unexpected development coincided with the start of the Public Sector Purchase Program (PSPP). In this paper, we...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Arrata, William
مؤلفون آخرون: Nguyen, Benoit, Rahmouni-Rousseau, Imene, Vari, Miklos
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2018.
سلاسل:IMF Working Papers; Working Paper ; No. 2018/258
الوصول للمادة أونلاين:Full text available on IMF