Tag Archives: MRO

Week ahead Calendar – 02/04/2012 to 06/04/2012: Spanish Auction Fears, PMIs and ECB Council Meeting

Once again, please find below a list of the eventful days ahead. The main sources are Unicredit’s Weekly Focus, Forex Trading weekly calendar, the EU’s general calendar, the EU’s national issuance calendar and many others,  all of which I advise you to consult directly. I found Unicredit’s … Continue reading

Posted in Uncategorized, Week Ahead | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

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

Posted in Weekly Bond Yield developments in the Euro Area | Tagged , , , , , , , | 1 Comment

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

Posted in Aides Memoire, Banking, ECB | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

ECB Monetary Policy Tools – A brief review

Central Banks (CBs) have at their disposal an large range of weaponry they can use to (try to) tame the economy. Given the geographical focus of this blog I will consider only the European Central Bank (ECB) and the monetary … Continue reading

Posted in Aides Memoire, ECB | Tagged , , , , , , , , , | 2 Comments