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Forward guidance, quantitative easing, or both?

Causes and implications of the low level of the risk-free interest rate

Central bank rates, market rates and retail bank rates in the euro area in the context of the recent crisis

Financial integration and fragmentation in the euro area

The impact of low interest rates on household financial behaviour

Determinants of Belgian bank lending interest rates

Globalisation and monetary policy

The flattening of the yield curve : causes and economic policy implications

The liquidity management of the Eurosystem during the period of financial turmoil

Decomposition of the dynamics of sovereign yield spreads in the euro area