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Die Emergency Liquidity Assistance der EZB — ein Blick in die Black Box

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  • Jens Klose

Abstract

We do not know much about the ELA of the ECB, even though the degree of financial assistance to the national banking sector is of tremendous importance for the public. This article brings together the scarce information on ELA and its use in several countries so far. Based on this evaluation, improvements in the communication of ELA are derived. The article argues that the currently available option to publish the ELA ceilings should be made mandatory and that increases in the ELA ceiling should be strongly limited. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2016

Suggested Citation

  • Jens Klose, 2016. "Die Emergency Liquidity Assistance der EZB — ein Blick in die Black Box," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 96(1), pages 49-53, January.
    • Handle: RePEc:spr:wirtsc:v:96:y:2016:i:1:p:49-53
    DOI: 10.1007/s10273-016-1924-1
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    Keywords

    E52; E58;

    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

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