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Euro crisis, banks’ liquidity needs and Ecb policy

Author

Listed:
  • Pierluigi Morelli

    (ABI)

  • Giovanni Battista Pittaluga

    (Università di Genova)

  • Elena Seghezza

    (Università di Genova)

Abstract

Although there is an extensive literature that sees the core function of banks in terms of liquidity creation, only a few analyses propose measures of it. This paper aims to construct an indicator that takes into account the maturity of the individual assets and liabilities and the stability of their detention by various economic sectors. The use of such an indicator for the banks of the Eurozone makes it possible to clarify the differences in liquidity creation by the banks of Southern and Northern Europe, and the changes in the liquidity policy of the Ecb over time

Suggested Citation

  • Pierluigi Morelli & Giovanni Battista Pittaluga & Elena Seghezza, 2014. "Euro crisis, banks’ liquidity needs and Ecb policy," BANCARIA, Bancaria Editrice, vol. 12, pages 12-24, December.
    • Handle: RePEc:ban:bancar:v:12:y:2014:m:december:p:12-24
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    File URL: http://www.bancaria.it/en/euro-crisis-banks-liquidity-needs-and-ecb-policy
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    More about this item

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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