Tag Archives: Deposit Facility

Weekly Bond Yield developments in the Euro Area (W10.2012): GDP data, ECB rates & Greek Debt Swap

Sovereign debt market developments last week were marked by one main event, the debt Greek debt swap that took place on Friday, March 9. After the hair cuts to Greek debt agreed last week with the IIF, followed by the … Continue reading

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ECB: Monetary Policy Transmission – Interest Rate Channel System, Reserves & the Interbanking Market

Having looked at the tools available to the ECB and at its balance sheet, after considering financial market failures due to Fractional Reserve Banking, overlending and VaR, I would like to turn my attention to the actual operation of monetary … Continue reading

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