Main refinancing operations and Up-shock: Difference between pages

Revision as of 20:53, 29 October 2016

Interest rate risk analysis and management.

An up-shock is a simplified model of an upward change in interest rates.

The up-shock is:

@@ Line 1: / Line 1: @@
-''Monetary policy - Eurosystem - open market operations''.
+''Interest rate risk analysis and management.''
-(MRO).
+An up-shock is a simplified model of an upward change in interest rates.
-The Eurosystem’s open market operations include one-week liquidity-providing operations in euro (main refinancing operations) as well as longer-term refinancing operations.
+The up-shock is:
-MROs serve to steer short-term interest rates, to manage the liquidity situation and to signal the monetary policy stance in the euro area.
+*Immediate; and
+*Permanent; and
+*Affects all interest rates by an equal amount.
-==See also==
+== See also ==
-* [[Central bank]]
+* [[Down-shock]]
-* [[Euro]]
+* [[Interest rate risk]]
-* [[Euro area]]
+* [[Non-parallel shock]]
-* [[European Central Bank]]
+* [[Parallel shock]]
-* [[Eurosystem]]
+* [[Shock]]
-* [[Longer-term refinancing operations]]
+* [[Yield curve risk]]
-* [[Monetary policy]]
-* [[Open market operations]]
-[[Category:Accounting,_tax_and_regulation]]
-[[Category:The_business_context]]
-[[Category:Identify_and_assess_risks]]
-[[Category:Manage_risks]]
-[[Category:Risk_frameworks]]
-[[Category:Cash_management]]
-[[Category:Financial_products_and_markets]]
-[[Category:Liquidity_management]]