search query: @author Nautz, D. / total: 8
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| Author: | Mitusch, K. Nautz, D. |
| Title: | Interest rate and liquidity risk management and the European money supply process |
| Journal: | Journal of Banking and Finance
2001 : NOV, VOL. 25:11, p. 2089-2101 |
| Index terms: | EUROPEAN CENTRAL BANK INTEREST RATES LIQUIDITY MONETARY POLICY MONEY SUPPLY RISK |
| Language: | eng |
| Abstract: | The monetary supply of the European Central Bank (ECB) centers around short-term securities repurchase agreements (repos) which ensure the flexibility of its money market management. However, a flexible repo-based monetary policy exposes banks to both interest rate risk and liquidity risk. This paper investigates the consequences for the money supply process and the conduct of monetary policy. |
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