 | Liquidity Ratios as Monetary Policy Tools: Some Historical Lessons for Macroprudential Policy Author/Editor: Eric Monnet, Miklos Vari. Release Date:August, 2019 This paper explores what history can tell us about the interactions between macroprudential and monetary policy. Based on numerous historical documents, we show that liquidity ratios similar to the more...
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 | The Scarcity Effect of Quantitative Easing on Repo Rates: Evidence from the Euro Area Author/Editor: William Arrata, Benoit Nguyen, Imene Rahmouni-Rousseau, Miklos Vari. Release Date:December, 2018 Most short-term interest rates in the Euro area are below the European Central Bank deposit facility rate, the rate at which the central bank remunerates banks’ excess reserves. This unexpected more...
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