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Note on the interactions between payment systems and monetary policy. Bruegel Special Report, February 2018

Papadia, Francesco (2018) Note on the interactions between payment systems and monetary policy. Bruegel Special Report, February 2018. UNSPECIFIED.

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    Abstract

    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. In the author's opinion, 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.

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    Item Type: Other
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > monetary policy
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Bruegel (Brussels) > Special Reports
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 26 Feb 2018 10:27
    Number of Pages: 19
    Last Modified: 23 Aug 2018 08:58
    URI: http://aei.pitt.edu/id/eprint/93431

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