ECB paper argues for existence of ‘liquidity coverage channel’

Euro symbol, Willy Brandt Platz, Frankfurt
The European Central Bank

Central banks’ credit operations can affect monetary policy via a “liquidity coverage ratio”, a working paper published by the European Central Bank argues.

In Liquidity coverage ratios and monetary policy credit in the time of corona, Viktoriya Gocheva, Yvo Mudde and Jens Tapking analyse data from 1,602 eurozone banks. They concentrate on how these lenders were affected by the emergency policies instituted by eurozone central banks in response to the Covid-19 pandemic in 2020.

The authors

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

If you already have an account, please sign in here.

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: