Collateral eligibility policy is neglected, says BIS paper


A working paper, published by the Bank for International Settlements on November 9, says collateral eligibility is a neglected aspect of monetary policy theory, and the easing of collateral standards by the European Central Bank (ECB) is exposing the eurozone to greater risk.

The authors, William Allen and Richhild Moessner, analyse the liquidity effects of the euro area sovereign debt crisis on intra-euro area financial flows, international liquidity, and the supply of and demand for collateral

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: