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[null,"1.","Record Nr.",null,"UNINA9910788228103321"]
[null,null,"Autore",null,"Stavrev Emil"]
[null,null,"Titolo",null,"Euro Area Monetary Policy in Uncharted Waters / / Emil Stavrev, Thomas Harjes, Martin Cihak"]
[null,null,"Pubbl/distr/stampa",null,"Washington, D.C. : , : International Monetary Fund, , 2009"]
[null,null,"ISBN",null,"1-4623-1540-2"]
[{"$nulls":4},"1-4518-7332-8"]
[{"$nulls":4},"9786612843952"]
[{"$nulls":4},"1-4527-5208-7"]
[{"$nulls":4},"1-282-84395-8"]
[null,null,"Descrizione fisica",null,"34 p. : ill"]
[null,null,"Collana",null,"IMF Working Papers"]
[null,null,"Soggetti",null,"Monetary policy - European Union countries - Econometric models"]
[{"$nulls":4},"Global Financial Crisis, 2008-2009"]
[{"$nulls":4},"Financial crises - European Union countries - Econometric models"]
[{"$nulls":4},"Banks and banking, Central - European Union countries - Econometric models"]
[{"$nulls":4},"Banks and Banking"]
[{"$nulls":4},"Financial Risk Management"]
[{"$nulls":4},"Investments: Bonds"]
[{"$nulls":4},"Interest Rates: Determination, Term Structure, and Effects"]
[{"$nulls":4},"General Financial Markets: General (includes Measurement and Data)"]
[{"$nulls":4},"Banks"]
[{"$nulls":4},"Depository Institutions"]
[{"$nulls":4},"Micro Finance Institutions"]
[{"$nulls":4},"Mortgages"]
[{"$nulls":4},"Financial Crises"]
[{"$nulls":4},"Banking"]
[{"$nulls":4},"Finance"]
[{"$nulls":4},"Investment & securities"]
[{"$nulls":4},"Economic & financial crises & disasters"]
[{"$nulls":4},"Yield curve"]
[{"$nulls":4},"Central bank policy rate"]
[{"$nulls":4},"Bond yields"]
[{"$nulls":4},"Financial crises"]
[{"$nulls":4},"Interest rates"]
[{"$nulls":4},"Bonds"]
[{"$nulls":4},"Banks and banking"]
[{"$nulls":4},"United States"]
[null,null,"Lingua di pubblicazione",null,"Inglese"]
[null,null,"Formato",null,"Materiale a stampa"]
[null,null,null,"Livello bibliografico","Monografia"]
[null,null,null,"Note generali","\"August 2009.\""]
[null,null,null,"Sommario/riassunto","We analyze the European Central Bank's (ECB's) response to the global financial crisis. Our results suggest that even during the crisis, the core part of ECB's monetary policy transmission-from policy rates to market rates-has continued to operate, but at a decreased efficiency. We also find some evidence that the ECB's non-standard measures, namely the lengthening of the maturity of monetary policy operations and the provision of funds at the fixed rate, reduced money market term spreads, facilitating the pass-through from policy to market rates. Furthermore, the results imply that the substantial increase in the ECB's balance sheet may have contributed to a reduction in government bond term spreads."]