ECB’s open market operations often raise banks’ liquidity – paper

banque-de-france

The open market operations of the European Central Bank have often increased the amount of liquidity available to French banks, argues a working paper published by the Banque de France.

In Stabilising virtues of central banks: (re)matching bank liquidity, Vincent Legroux, Imène Rahmouni-Rousseau, Urszula Szczerbowicz and Natacha Valla look at data for 87% of the French banking sector by asset size from 2011 to 2015.

The authors use micro-data on the pool of eligible collateral in the ECB’s

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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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

.