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La création monétaire au sein de la zone euro limitée par les ventes de titres de dette par des non-résidents

Author

Listed:
  • ANDRÉ, J.
  • ROERO, C.
  • FEGAR, G.
  • MOSQUERA YON, T.

Abstract

Depuis mi-2015, en zone euro, la masse monétaire n’accélère pas, les ventes de titres de dette par les non-résidents compensant le dynamisme des concours aux secteurs privé et public.

Suggested Citation

  • André, J. & Roero, C. & Fegar, G. & Mosquera Yon, T., 2017. "La création monétaire au sein de la zone euro limitée par les ventes de titres de dette par des non-résidents," Bulletin de la Banque de France, Banque de France, issue 211, pages 47-60.
    • Handle: RePEc:bfr:bullbf:2017:211:05
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    References listed on IDEAS

    as
    1. Christian Dembiermont & Mathias Drehmann & Siriporn Muksakunratana, 2013. "How much does the private sector really borrow - a new database for total credit to the private non-financial sector," BIS Quarterly Review, Bank for International Settlements, March.
    2. Mathias Drehmann & Claudio Borio & Kostas Tsatsaronis, 2011. "Anchoring Countercyclical Capital Buffers: The role of Credit Aggregates," International Journal of Central Banking, International Journal of Central Banking, vol. 7(4), pages 189-240, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    M3; agrégats monétaires; contreparties de la masse monétaire; créances extérieures nettes; balance des paiements; investissements de portefeuille; institutions financières monétaires.;
    All these keywords.

    JEL classification:

    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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