IDEAS home Printed from https://ideas.repec.org/a/ces/ifosdt/v69y2016i13p19-27.html
   My bibliography  Save this article

First Results of ANFA Agreement: ANFA Enables Financing of Bank Liquidations Via National Central Banks

Author

Listed:
  • Daniel Hoffmann

Abstract

At the beginning of February 2016 the ECB published a previously secret agreement called ANFA. The agreement on net financial assets is a private contract between the 20 members of the Eurosystem and sets general upper ceilings for their non-monetary policy balance sheets. In his commentary Daniel Hoffmann suggests that the agreement allows national central banks to finance bank liquidations.

Suggested Citation

  • Daniel Hoffmann, 2016. "First Results of ANFA Agreement: ANFA Enables Financing of Bank Liquidations Via National Central Banks," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 69(13), pages 19-27, July.
    • Handle: RePEc:ces:ifosdt:v:69:y:2016:i:13:p:19-27
    as

    Download full text from publisher

    File URL: https://www.ifo.de/DocDL/sd-2016-13-hoffman-anfa-irland%20-2016-07-14.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sinn Hans-Werner, 2019. "Der Streit um die Targetsalden : Kommentar zu Martin Hellwigs Artikel „Target-Falle oder Empörungsfalle?“," Perspektiven der Wirtschaftspolitik, De Gruyter, vol. 20(3), pages 170-217, September.

    More about this item

    JEL classification:

    • 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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ces:ifosdt:v:69:y:2016:i:13:p:19-27. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Klaus Wohlrabe (email available below). General contact details of provider: https://edirc.repec.org/data/ifooode.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.