How Long to Read The ECB Collateral Policy Beyond Conventional Monetary Stimulus

How Long Does it Take to Read The ECB Collateral Policy Beyond Conventional Monetary Stimulus?

It takes the average reader and 30 minutes to read The ECB Collateral Policy Beyond Conventional Monetary Stimulus by Corrado Macchiarelli

Assuming a reading speed of 250 words per minute. Learn more

Description

The importance of collateral as an instrument for monetary policy has increased in recent years not only in the light of the changes in the ECB’s collateral framework during the crisis but also due to the progressive replacement of the unsecured money market segment with the secured one in the euro area. Both aspects are set to have consequences for collateral availability and the scarcity of high-quality assets, particularly as these interact with non-standard monetary policy. In this note, we look for evidence of the ECB’s Expanded Asset Purchase Programme (EAPP) effects through the quantity and quality of collateral, based on the Eurosystem Collateral Data, as well as a review of the literature. We conclude that collateral is vital to the well-functioning of money markets, and the availability in principle of monetary policy beyond conventional remains an important tool to deal with the issue of potential shortages of high-quality collateral, at least in the short-term. This document was provided by Policy Department A at the request of the Economic and Monetary Affairs Committee.

How long is The ECB Collateral Policy Beyond Conventional Monetary Stimulus?

The ECB Collateral Policy Beyond Conventional Monetary Stimulus by Corrado Macchiarelli is 30 pages long, and a total of 7,500 words.

This makes it 10% the length of the average book. It also has 9% more words than the average book.

How Long Does it Take to Read The ECB Collateral Policy Beyond Conventional Monetary Stimulus Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 40 minutes to read The ECB Collateral Policy Beyond Conventional Monetary Stimulus aloud.

What Reading Level is The ECB Collateral Policy Beyond Conventional Monetary Stimulus?

The ECB Collateral Policy Beyond Conventional Monetary Stimulus is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy The ECB Collateral Policy Beyond Conventional Monetary Stimulus?

The ECB Collateral Policy Beyond Conventional Monetary Stimulus by Corrado Macchiarelli is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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