Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany
European Central Bank
Asset purchases, Financial markets stress, Low interest rates, Monetary policy transmission, Non-bank intermediation, Risk-taking
capital flows, international spillovers, monetary policy, non-bank financial intermediation
Monetary policy, international spillovers, capital flows, non-bank financial intermediation
liquidity regulation, macroprudential policy, non-bank financial intermediation
liquidity management, monetary policy, non-bank financial intermediation
Forward guidance, Unconventional monetary policy, Liquidity premium
fiscal union, monetary union, optimal policy, unemployment insurance