Polish economist encourages ‘broad’ collateral acceptance


Central banks should opt for a "broad" collateral set when designing their collateral frameworks, according to Juliusz Jablecki, the National Bank of Poland's head of monetary policy analysis.

Jablecki, speaking at the National Asset-Liability Management conference in London today, identified a trade-off between liquidity provision and risk taking in a central bank's collateral framework.

He warned that central banks stand to make losses if they are either too lenient, or too stringent, in their

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: