Other publications may include books, quarterly reviews, annual reports and economic bulletins from the ECB, PhD theses and Danmarks Nationalbank’s policies.

Monetary policy

Experience with the Eurosystem’s Weekly Open Market Operations

The experience with the Eurosystem’s weekly open market operations is reviewed. The current number of participants is 300 banks. Banks in the financial centres in Frankfurt and Luxembourg play a more and more important role in the tenders and thus in the distribution of central-bank liquidity in the euro area. The market interest rates prior to the tender determine the bidding behaviour.