The turmoil in the money and financial markets has presented central banks around the world with unprecedented challenges. This seminar provides participants with an overview of the Eurosystem’s response with a special focus on the experience of the Bank of Italy.
Particular attention is devoted to: the tools available to safeguard the effective conduct of monetary policy; the smooth provision of liquidity to market participants; the orderly functioning of financial markets; related financial stability issues; and the implications for central banks’ asset and liability management.
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