• Bidding and performance in repo auctions : evidence from ECB open market operations 

      Bindseil, Ulrich; Nyborg, Kjell G.; Strebulaev, Ilya A. (Discussion paper, Working paper, 2005-07)
      Repo auctions are used to inject central bank funds against collateral into the banking sector. The ECB uses standard discriminatory auctions and hundreds of banks participate. The amount auctioned over the monthly reserve ...
    • Monetary policy implementation: A European Perspective 

      Bindseil, Ulrich; Nyborg, Kjell G. (Discussion paper, Working paper, 2007-02)
      Monetary policy implementation is one of the most significant areas of interaction between central banking and financial markets. Historically, how this interaction takes place has been viewed as having an important impact ...