Note on the interactions between payment systems and monetary policy
Analiżi fil-Fond
15-02-2018
This paper analyses the interactions between, on one hand, monetary policy and financial stability responsibilities of the ECB and, on the other hand, Post-Trading-Financial Market Infrastructures. Its basic conclusion is that Payment Systems are critical for monetary policy while Central Counter Parties (CCPs) are critical for financial stability. However, in stressed conditions CCPs can be the source of risks also for monetary policy.
Analiżi fil-Fond
Awtur estern
Francesco PAPADIA, Bruegel
Dwar dan id-dokument
Tip ta’ pubblikazzjoni
Kelma għat-tiftix
- 2451prezzijiet
- ekonomija monetarja
- FINANZI
- ftehim tal-ikklerjar
- il-Bank Ċentrali Ewropew
- istituzzjonijiet tal-UE u servizz ċivili Ewropew
- moviment liberu tal-kapital
- politika monetarja
- relazzjonijiet monetarji
- riskju finanzjarju
- sistema ta' pagamenti
- stabilità tal-prezzijiet
- titolu trasferibbli
- UNJONI EWROPEA