Guido della Valle
- 12 September 2022
- OCCASIONAL PAPER SERIES - No. 302Details- Abstract
- This paper reviews the experience of the ECB with the two-tier system for excess reserve remuneration that exempted a portion of banks’ excess liquidity (EL) holdings from the negative interest rate of the ECB’s deposit facility.
- JEL Code
- E41 : Macroeconomics and Monetary Economics→Money and Interest Rates→Demand for Money
 E43 : Macroeconomics and Monetary Economics→Money and Interest Rates→Interest Rates: Determination, Term Structure, and Effects
 E52 : Macroeconomics and Monetary Economics→Monetary Policy, Central Banking, and the Supply of Money and Credit→Monetary Policy
 E58 : Macroeconomics and Monetary Economics→Monetary Policy, Central Banking, and the Supply of Money and Credit→Central Banks and Their Policies
 G11 : Financial Economics→General Financial Markets→Portfolio Choice, Investment Decisions
 G12 : Financial Economics→General Financial Markets→Asset Pricing, Trading Volume, Bond Interest Rates
 
- 24 June 2021
- ECONOMIC BULLETIN - BOXEconomic Bulletin Issue 4, 2021Details- Abstract
- This box describes the ECB’s monetary policy operations during the first and second maintenance periods of 2021, from 27 January to 27 April.
- JEL Code
- E40 : Macroeconomics and Monetary Economics→Money and Interest Rates→General
 E52 : Macroeconomics and Monetary Economics→Monetary Policy, Central Banking, and the Supply of Money and Credit→Monetary Policy
 E58 : Macroeconomics and Monetary Economics→Monetary Policy, Central Banking, and the Supply of Money and Credit→Central Banks and Their Policies