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Bank of Finland Bulletin - Articles on the economy from the Bank of Finland

Bank of Finland Bulletin - Articles on the economy from the Bank of Finland

Katri Järvinen

Adviser

Katri Järvinen is an Adviser in the Market Operations Department. She is also a member of ESCB's Working Group on Monetary Policy Implementation.

monetary policy implementation, monetary policy counterparties, collateral framework

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Analysis Published on 11.09.2020
- Monetary policy
- Marjaana Hohti
- Katri Järvinen
No credit without collateral

In order for banks to obtain credit from the central bank, collateral is required. Collateral protects the central bank against risk. The ECB and Bank of Finland have eased their collateral requirements during the coronavirus pandemic.