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The collateral frameworks of the Eurosystem, the Federal Reserve System and the Bank of England and the financial market turmoil

Author

Listed:
  • Cheun, Samuel
  • von Köppen-Mertes, Isabel
  • Weller, Benedict

Abstract

In response to the turmoil in global financial markets which began in the second half of 2007, central banks have changed the way in which they implement monetary policy. This has drawn particular attention to the type of collateral used for backing central banks JEL Classification: E52, E58, G01, G20

Suggested Citation

  • Cheun, Samuel & von Köppen-Mertes, Isabel & Weller, Benedict, 2009. "The collateral frameworks of the Eurosystem, the Federal Reserve System and the Bank of England and the financial market turmoil," Occasional Paper Series 107, European Central Bank.
    • Handle: RePEc:ecb:ecbops:2009107
    Note: 660011
    as

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    File URL: https://www.ecb.europa.eu//pub/pdf/scpops/ecbocp107.pdf
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Central Bank Repo Auctions; collateral; collateral framework; financial market turmoil 2007-9; open market operations;
    All these keywords.

    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
    • G01 - Financial Economics - - General - - - Financial Crises
    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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