{"id":12008,"date":"2019-10-01T09:33:11","date_gmt":"2019-10-01T06:33:11","guid":{"rendered":"http:\/\/www.poleconomix.gr\/portal\/?p=12008"},"modified":"2019-10-01T09:33:11","modified_gmt":"2019-10-01T06:33:11","slug":"unconventional-monetary-policy-operations-the-upside-for-central-bank-balance-sheet-risks","status":"publish","type":"post","link":"https:\/\/www.poleconomix.gr\/portal\/unconventional-monetary-policy-operations-the-upside-for-central-bank-balance-sheet-risks\/","title":{"rendered":"Unconventional monetary policy operations: The upside for central bank balance sheet risks"},"content":{"rendered":"<p>Diego Caballero Orduna, Bernd Schwaab<\/p>\n<div class=\"article-teaser\">\n<p>A bank\u2019s balance sheet lists its assets, liabilities and shareholder equity, each of which is subject to risk. This column uses the examples of the announcement of the ECB\u2019s Outright Monetary Transactions programme and the first very-long-term refinancing operation allotment to show that, in exceptional circumstances, a central bank can remove illiquidity-related credit risk from parts of its balance sheet by extending the scale of its operations.<\/p>\n<p><strong>\u03a0\u03b7\u03b3\u03ae:\u00a0<\/strong>Voxeu<\/p>\n<p><a href=\"https:\/\/voxeu.org\/article\/upside-unconventional-monetary-policy-central-bank-balance-sheet-risks\">\u03c0\u03bb\u03ae\u03c1\u03b5\u03c2 \u03ba\u03b5\u03af\u03bc\u03b5\u03bd\u03bf<\/a><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Diego Caballero Orduna, Bernd Schwaab A bank\u2019s balance sheet lists its assets, liabilities and shareholder equity, each of which is subject to risk. This column uses the examples of the announcement of the ECB\u2019s Outright Monetary Transactions programme and the first very-long-term refinancing operation allotment to show that, in exceptional circumstances, a central bank can [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,37,4],"tags":[],"class_list":["post-12008","post","type-post","status-publish","format-standard","hentry","category-18","category-37","category-proposals"],"_links":{"self":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/12008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/comments?post=12008"}],"version-history":[{"count":1,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/12008\/revisions"}],"predecessor-version":[{"id":12009,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/12008\/revisions\/12009"}],"wp:attachment":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/media?parent=12008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/categories?post=12008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/tags?post=12008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}