Market Liquidity Program
Documents from 2017
Effectiveness and Transmission of the ECB's Balance Sheet Policies, Jef Boeckx, Maarten Dossche, and Gert Peersman
The Life Cycle of Government of Canada Bonds in Core Funding Markets, Narayan Bulusu
The Effect of Central Bank Liquidity Injections on Bank Credit Supply, Luisa Carpinelli and Matteo Crosignani
Base Money, Broad Money and the APP, European Central Bank (ECB)
Federal Reserve Act, Section 13. Powers of Federal Reserve Banks, Federal Reserve System: Board of Governors
Federal Reserve Act, Section 23A. Relations with affiliates, Federal Reserve System: Board of Governors
Federal Reserve Monthly Report on Credit and Liquidity Programs and the Balance Sheet - Archive, Federal Reserve System: Board of Governors
Section 23B. Restrictions on Transactions with Affiliates, Federal Reserve System: Board of Governors
ECB Policies Involving Government Bond Purchases: Impact and Channels, Arvind Krishnamurthy, Stefan Nagel, and Annette Vissing-Jorgensen
Memorandum of Understanding on Resolution Planning and Financial Crisis Management, United Kingdom: Her Majesty's Treasury
Documents from 2016
Comparative Study of Central Bank Quantitative Easing Programs, Gabriel Agostini, Juan P. Garcia, Alvaro Gonzalez, Jingwen Jia, Laura Muller, and Ali Zaidi
Fixed Income Market Liquidity, Bank For International Settlements (BIS) : Committee on the Global Financial System.
Asset Purchase Facility Corporate Bond Purchase Scheme: Eligibility and Sectors, Bank of England/Central Bank of the United Kingdom
Asset Purchase Facility Corporate Bond Purchase Scheme - Market Notice 12 September 2016, Bank of England/Central Bank of the United Kingdom
The Bank of England's Asset Purchase Facility: APF Operating Procedures; Corporate Bond Purchase Scheme; Gilt Purchases (October 3, 2016), Bank of England/Central Bank of the United Kingdom
Financial Market Fragmentation in the Euro Area: State of Play, Paul Berenberg-Gossler, Henrik Enderlein, Salomon Fielder, Klaus-J¼rgen Gern, Matthias Raddant, Ulrich Stolzenburg, Christophe Blot, Paul Hubert, Fabien Labondance, Corrado Macchiarelli, and Panagiotis Koutroumpis
Evaluating the impact of unconventional monetary policy measures: Empirical evidence from the ECB×ós Securities Markets Programme, Schwaab Bernd and Fabian Eser
Commission Implementing Regulation (EU) 2016/1801 of 11 October 2016 on laying down implementing technical standards with regard to the mapping of credit assessments of external credit assessment institutions for securitisation, European Central Bank (ECB)
Decision (EU) 2016/948 of the European Central Bank of 1 June 2016 on the implementation of the corporate sector purchase programme, European Central Bank (ECB)
Policy on Counterparties for Market Operations, Federal Reserve System: Federal Reserve Bank of New York
The Early Years of the Primary Dealer System, Kenneth D. Garbade
The bank lending channel of unconventional monetary policy: The impact of the VLTROs on credit supply in Spain, Miguel GarcÃa-Posada and Marcos Marchetti
The effectiveness of the ECB's asset purchase programs of 2009 to 2012, Heather Gibson, Stephen G. Hall, and George S. Tavlas
QE: the Story So Far, Andrew Haldane, Matt Roberts, Chris Young, and Tomasz Wieladek
Sweden: Financial System Stability Assessment, International Monetary Fund (IMF): Monetary and Capital Markets Department
The First Year: The Role of a Modern Lender of Last Resort, Kathryn Judge
Exclusive: China central bank to Fed: A little help, please?, Jason Lange
Bank of England's Brexit Plan to Prop Up the Economy with QE Fails on Second Day, Hazel Sheffield
Review of the Riksbank's Monetary Policy 2010-2015, Sweden: Riksdag
Remarks by Counselor Antonio Weiss at the Evolving Structure of the U.S. Treasury Market: Second Annual Conference, Antonio Weiss
What Are the Macroeconomic Effects of Asset Purchases?, Tomasz Wieladek and Martin Weale
Lending and Credit Programs for Primary Dealers, Rosalind Z. Wiggins and Andrew Metrick
Documents from 2015
Canada Gazette, Vol. 149, No. 40, Bank of Canada/Central Bank of Canada/La Banque du Canada
Changes to the Bank of Canada's Framework for Financial Market Operations, Bank of Canada/Central Bank of Canada/La Banque du Canada
Changes to the Bank of Canada's Framework for Financial Market Operations: A consultation paper by the Bank of Canada, Bank of Canada/Central Bank of Canada/La Banque du Canada
Overview of the Bank of Canada's Consultation Regarding Its Framework for Financial Market Operations and Emergency Lending Policies, Bank of Canada/Central Bank of Canada/La Banque du Canada
The Courage to Act: A Memoir of a Crisis and Its Aftermath, Ben S. Bernanke
Decision (EU) 2015/5 of the European Central Bank of 19 November 2014 on the implementation of the asset-backed securities purchase programme, European Central Bank (ECB)
Gauweiler and Others v. Deutscher Bundestag, European Union: Courts: European Court of Justice (ECJ)
Announcements of ECB unconventional programs: Implications for the sovereign spreads of stressed euro area countries, Matteo Falagiarda and Stefan Reitz
12 CFR Part 201 – Regulation A: Extensions of Credit by Federal Reserve Bank, Federal Reserve System: Board of Governors
Federal Reserve Board approves final rule specifying its procedures for emergency lending under Section 13(3) of the Federal Reserve Act, Federal Reserve System: Board of Governors
The Impact of Treasury Supply on Financial Sector Lending and Stability, Arvind Krishnamurthy and Annette Vissing-Jorgensen
The Transmission of Unconventional Monetary Policy in UK Government Debt Markets, Jack Meaning and James Warren
The Liquidity Effects of Official Bond Market Intervention, Michiel De Pooter, Robert F. Martin, and Seth Pruitt
Documents from 2014
Risk Managing Loan Collateral at the Bank of England, Alice Alphandary
Bank of Canada Act - Version of section 18 from 2008-08-05 to 2014-06-18, Bank of Canada/Central Bank of Canada/La Banque du Canada
FAQs: Agency MBS Purchases, Federal Reserve System: Federal Reserve Bank of New York
Emails Between PBOC and Federal Reserve-2015, Steven Kamin, Xiangyan Song, and Ma Jun
Unprecedented Actions: The Federal Reserve's Response to the Global Financial Crisis in Historical Perspective, Frederic S. Mishkin and Eugene N. White
Jean-Claude Trichet (23): Phase 3 of the Crisis: The Implosion of Greece, Jean-Claude Trichet
Documents from 2013
Dealer Balance Sheet Capacity and Market Liquidity during the 2013 Selloff in Fixed-Income Markets – Liberty Street Economics, Tobias Adrian, Michael J. Fleming, Jonathan E. Goldberg, Morgan Lewis, Fabio M. Natalucci, and Jason J. Wu
The ECB's non-standard monetary policy measures: the role of institutional factors and finance structure, Philippine Cour-Thimann and Bernhard Winkler
The ECB's Non-Standard Monetary Policy Measures: The Role of Institutional Factors and Financial Structure, Philippine Cour-Thimann and Bernhard Winkler
Details on securities holdings acquired under the Securities Markets Programme, European Central Bank (ECB)
Early Repayment of Funds Raised Through Three-Year Longer-Term Refinancing Operations: Economic Rationale and Impact on the Money Market, European Central Bank (ECB)
Early Repayments of Funds Raised Through Three-Year Longer-Term Refinancing Operations: Developments Since February 2013, European Central Bank (ECB)
ECB Monetary Policy During the Financial Crisis and Asset Price Developments, European Central Bank (ECB)
The Federal Reserve and Panic Prevention: The Roles of Financial Regulation and Lender of Last Resort, Gary B. Gorton and Andrew Metrick
The Profile of Cash Transfers Between the Asset Purchase Facility and Her Majesty's Treasury, Nick McLaren and Tom Smith
Connected to Whom? International Interbank Borrowing During the Global Crisis, Kalin Tintchev
Documents from 2012
The Fed's Emergency Liquidity Facilities during the Financial Crisis: The PDCF, Tobias Adrian and Ernst Schaumburg
Details on Bond Buyback Operations, Bank of Canada/Central Bank of Canada/La Banque du Canada
Introductory Statement to the press conference (with Q&A), Mario Draghi and Vitor CONSTANCIO
Decision (EU) 2020/187 of the European Central Bank of 3 February 2020 on the implementation of the third covered bond purchase programme (recast), European Central Bank (ECB)
Decision (EU) 2020/188 of the European Central Bank of 3 February 2020 on a secondary markets public sector asset purchase programme, European Central Bank (ECB)
Ending of covered bond purchase programme 2, European Central Bank (ECB)
Impact of the Two Three-Year Longer-Term Refinancing Operations, European Central Bank (ECB)
European Covered Bond Fact Book 2012, European Covered Bond Council
Implementing The Dodd-Frank Act: The Federal Reserve Board's Role, Federal Reserve System: Board of Governors
Federal Reserve Liquidity Provision during the Financial Crisis of 2007– 2009, Michael J. Fleming
QE and the Gilt Market: a Disaggregated Analysis, Michael Joyce and Matthew Tong
Lessons from the Bank of England on 'Quantitative Easing' and Other 'Unconventional' Monetary Policies, Victor Lyonett and Richard Werner
Re-visiting the ECB's 3-year Long Term Refinancing Operations, Sia Partners
Is LTRO QE in disguise?, Jean Pisani-Ferry and Guntram Wolff
Draghi strikes back II, PricewaterhouseCoopers (PWC)
ECB loans out EUR 529.5 billion to European banks, Ben Rooney and Chris Isidore
Financial Services Act 2012, Chapter 21, Part 4, United Kingdom: Government
Mervyn King's Oral Evidence Taken Before the Treasury Committee: Bank of England May 2012 Inflation Report, United Kingdom: Parliament: House of Commons: Treasury Committee
The Bank of England's Special Liquidity Scheme., Olaf Weeken, Sarah John, and Matt Roberts
Review of the Bank of England's Framework for Providing Liquidity to the Banking System., Bill Winters
Documents from 2011
The Federal Reserve's Commercial Paper Funding Facility, Tobias Adrian, Karin Kimbrough, and Dina Marchioni
Quantitative Easing Boosted by £75bn by Bank of England, Katie Allen
"Secret loans" that were not so secret, David E. Altig
Two Monetary Policy Tools: Interest Rates and Haircuts, Adam Ashcraft, Nicolae G¢rleanu, and Lasse Heje Pedersen
State Aid Control in a Stability Programme Country: The Case of Greece, Yassine Boudghene, Matthaeus Buder, Zetta Dellidou, Cristophe Galand, Violeta Iftinchi, Max Lienemeyer, Christos Malamataris, and Danila Malvolti
Securitization Markets and Central Banking: An Evaluation of the Term Asset-Backed Securities Loan Facility, Sean Campbell, Daniel Covitz, William Nelson, and Karen Pence
New Financial Regulation in Denmark after the Crisis – or the Politics of Not Really Doing Anything, Martin B. Carstensen
Fed Made State Street Profitable as Money-Fund Middleman in '08, Christopher Condon
Back from the Brink: 1000 Days at Number 11, Alistair Darling
Introductory statement to the press conference (with Q&A), Mario Draghi and Vitor CONSTANCIO
Decision of the European Central Bank of 3 November 2011 on the implementation of the second covered bond purchase programme, European Central Bank (ECB)
ECB Announces New Covered Bond Purchase Programme, European Central Bank (ECB)
European Central Bank Annual Report 2010, European Central Bank (ECB)
FAQs on the measures to support bank lending and money market activity, European Central Bank (ECB)
Institutional Provisions: Statute of the ESCB and of the ECB: Rules of Procedure, European Central Bank (ECB)
The ECB's Non-standard Measures - Impact and Phasing-out, European Central Bank (ECB)
European Covered Bond Fact Book 2011, European Covered Bond Council
Domestic Open Market Operations During 2010, Federal Reserve System: Federal Reserve Bank of New York