Corrado Macchiarelli

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    The EMU quest for integration: What does the ECB’s collateral data tell us?

The EMU quest for integration: What does the ECB’s collateral data tell us?

The ECB recently announced that its quantitative easing programme will stop at the end of 2018. Corrado Macchiarelli and Mara Monti write that the way this decision is managed will be crucial for avoiding potential market disruptions in the eurozone. However, the key long-term concern will be achieving political consensus in the coming years given the challenge posed by […]

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    Brexit is a threat to London’s future in European payment systems

Brexit is a threat to London’s future in European payment systems

Future UK-EU relations are about to be negotiated in Brussels. While there are signs of improvement in many important policy areas such as citizens’ rights, the financial settlement, and the impact of Brexit on Ireland, little progress has been made on the role of the City as the location of Europe’s major clearing house, which is represented by the London Clearing […]

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    Assessing the impact of the ECB’s Corporate Sector Purchase Programme on SMEs

Assessing the impact of the ECB’s Corporate Sector Purchase Programme on SMEs

The European Central Bank’s Governing Council is due to hold a policy meeting on 26 October, with many observers anticipating there could be a change to the ECB’s monetary stimulus programme. Corrado Macchiarelli, Mara Monti and Andrea Vedolin examine some of the measures that should be considered as the ECB looks to respond to changing conditions in the euro […]

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    Quantitative easing: To deal with the root of the problem, the ECB should tackle non-performing loans

Quantitative easing: To deal with the root of the problem, the ECB should tackle non-performing loans

Quantitative Easing (QE) – the unconventional form of monetary policy by which a central bank creates new money electronically to buy financial assets, thus helping to increase private sector spending and lower inflation – has been used by the European Central Bank (ECB) in the past. It is widely expected that an extension of the current QE programme will […]

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