The first book-length study of the importance of collateral frameworks in monetary policy, focusing on the Eurozone and euro crisis.

Central bank collateral policies came under pressure with the 2007-08 financial market crisis. This paper addresses the rationale for and constraints in taking

This paper seeks to inform about a feature of monetary policy that is largely overlooked, yet occupies a central role in modern monetary and financial systems,

The Eurosystem collateral framework (ESCF) has played a key role in the ECB monetary policy implementation since 1999. Moreover, the financial and sovereign deb

Most readers, especially those with car loans or home mortgages, know about "collateral"--property that the lender can take away from the borrower in the event