Publications RSS

Eurosystem collateral policy and framework: Was it unduly changed?

by Guntram B. Wolff on 17th November 2014

Eurosystem collateral policy and framework: Was it unduly changed?

The changes in the collateral framework were necessary for the ECB to fulfil its treaty-based mandate of providing liquidity to solvent banks and safeguarding financial stability. The ECB did not take onboard excessive risks.

See more publications...