International Finance

Tag : Very Long-Term Refinancing Operations


What can the eurozone do to combat the risk of a liquidity cliff?

Marie-Pierre Ripert, economist at Natixis With the end of the ECB’s repayment programmes approaching there could be significant repercussions on those euro-area banks still reliant on this form of liquidity provision. Marie-Pierre Ripert, economist at Natixis, explores the options available to avoid the “liquidity cliff” As European banks have repaid more than half the existing...