Data Extraction
Economy | Measure Code | Measure | Currency Code | Amount (Local) | Amount (USD) | Source | Post Date | Details |
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European Central Bank | 01 | 01 - Liquidity Support | EUR | |||||
European Central Bank | 01A | 01A - Short-term lending | EUR | OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 29 April 2020). | No amount/estimate: 12 March, Conducting additional longer-term refinancing operations (LTROs) temporarily (with an interest rate equal to the average rate on the deposit facility, -0.50% currently). |
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European Central Bank | 01B | 01B - Support policies for short-term lending | EUR | IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 29 April 2020); OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 29 April 2020). | No amount/estimate: (i) The ECB also announced a broad package of collateral easing measures for Eurosytem credit operations in early April. These include a permanent collateral haircut reduction of 20 percent for non-marketable assets, and temporary measures for the duration of the PEPP (with a view to re-assess their effectiveness before the end of 2020) such as a reduction of collateral haircuts by 20 percent and expansion of collateral eligibility to include Greek sovereign bonds as well as an expansion of the scope of so-called additional credit claims framework so that it may also include public sector-guaranteed loans to SMEs, self-employed individuals, and households. In a move to mitigate the impact of possible rating downgrades on collateral availability , on April 22, the ECB also announced that it would grandfather until September 2021 the eligibility of marketable assets used as collateral in Eurosystem credit operations falling below current minimum credit quality requirements of “BBB-“ (“A-“ for asset-backed securities) as long as their rating remains at or above “BB” and “BB+”, respectively. Assets that fall below these minimum credit quality requirements will be subject to haircuts based on their actual ratings; (ii) Allow major banks (directly supervised by the ECB) to operate temporarily below the level of capital defined by the Pillar 2 Guidance (P2G), the capital conservation buffer (CCB) and the liquidity coverage ratio (LCR). |
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European Central Bank | 01C | 01C - Forex operations | EUR | |||||
European Central Bank | 04 | 04 - Equity support | EUR | |||||
European Union | 01 | 01 - Liquidity Support | EUR | 10,000,000,000 | 11,061,946,903 | |||
European Union | 01A | 01A - Short-term lending | EUR | 10,000,000,000 | 11,061,946,903 | EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_569 (accessed 16 April 2020). | March, The European Investment Bank (EIB) dedicated liquidity lines to banks to ensure additional working capital support for small and medium enterprises (SMEs) and mid-caps of EUR10 billion. |
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European Union | 01B | 01B - Support policies for short-term lending | EUR | |||||
European Union | 01C | 01C - Forex operations | EUR | |||||
European Union | 04 | 04 - Equity support | EUR | 549,000,000 | 607,300,885 | EIB. https://www.eib.org/en/press/all/2020-103-eib-backs-eur5-billion-investment-to-mitigate-economic-impact-of-coronavirus-and-support-medical-technology (accessed 29 April 2020); Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 29 April 2020); EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1007 (accessed 12 June 2020). | (i) April 8, The Commission is launching ESCALAR, a new investment approach, developed together with the European Investment Fund (EIF), that will support venture capital and growth financing for promising companies. In its pilot phase, ESCALAR will provide up to EUR300 million backed by the European Fund for Strategic Investments (EFSI); (ii) April 24, EIB also approved an equity investment worth EUR75 million for the German company Curevac, through the EIB's Infectious Disease Financing Facility; (iii) June 8, EUR174 million equity investments from the European Innovation Council (EIC) Accelerator Pilot funding to innovative startups and SMEs [update]. |
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European Central Bank | 01 | 01 - Liquidity Support | EUR | |||||
European Central Bank | 01A | 01A - Short-term lending | EUR | OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 29 April 2020). | No amount/estimate: 12 March, Conducting additional longer-term refinancing operations (LTROs) temporarily (with an interest rate equal to the average rate on the deposit facility, -0.50% currently). |
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European Central Bank | 01B | 01B - Support policies for short-term lending | EUR | IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 29 April 2020); OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 29 April 2020). | No amount/estimate: (i) The ECB also announced a broad package of collateral easing measures for Eurosytem credit operations in early April. These include a permanent collateral haircut reduction of 20 percent for non-marketable assets, and temporary measures for the duration of the PEPP (with a view to re-assess their effectiveness before the end of 2020) such as a reduction of collateral haircuts by 20 percent and expansion of collateral eligibility to include Greek sovereign bonds as well as an expansion of the scope of so-called additional credit claims framework so that it may also include public sector-guaranteed loans to SMEs, self-employed individuals, and households. In a move to mitigate the impact of possible rating downgrades on collateral availability , on April 22, the ECB also announced that it would grandfather until September 2021 the eligibility of marketable assets used as collateral in Eurosystem credit operations falling below current minimum credit quality requirements of “BBB-“ (“A-“ for asset-backed securities) as long as their rating remains at or above “BB” and “BB+”, respectively. Assets that fall below these minimum credit quality requirements will be subject to haircuts based on their actual ratings; (ii) allow major banks (directly supervised by the ECB) to operate temporarily below the level of capital defined by the Pillar 2 Guidance (P2G), the capital conservation buffer (CCB) and the liquidity coverage ratio (LCR). |
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European Central Bank | 01C | 01C - Forex operations | EUR | Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 29 April 2020). | ||||
European Central Bank | 04 | 04 - Equity support | EUR | |||||
European Union | 01 | 01 - Liquidity Support | EUR | 10,000,000,000 | 11,061,946,903 | |||
European Union | 01A | 01A - Short-term lending | EUR | 10,000,000,000 | 11,061,946,903 | EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_569 (accessed 16 April 2020). | March, The European Investment Bank (EIB) dedicated liquidity lines to banks to ensure additional working capital support for small and medium enterprises (SMEs) and mid-caps of EUR10 billion. |
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European Union | 01B | 01B - Support policies for short-term lending | EUR | |||||
European Union | 01C | 01C - Forex operations | EUR | |||||
European Union | 04 | 04 - Equity support | EUR | 375,000,000 | 414,823,009 | EIB. https://www.eib.org/en/press/all/2020-103-eib-backs-eur5-billion-investment-to-mitigate-economic-impact-of-coronavirus-and-support-medical-technology (accessed 29 April 2020); Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 29 April 2020). | (i) April 8, The Commission is launching ESCALAR, a new investment approach, developed together with the European Investment Fund (EIF), that will support venture capital and growth financing for promising companies. In its pilot phase, ESCALAR will provide up to EUR300 million backed by the European Fund for Strategic Investments (EFSI); (ii) April 24, EIB also approved an equity investment worth EUR75 million for the German company Curevac, through the EIB's Infectious Disease Financing Facility [update]. |
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European Central Bank | 01 | 01 - Liquidity Support | EUR | |||||
European Central Bank | 01A | 01A - Short-term lending | EUR | 0 | OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 18 April 2020). | No amount/estimate: 12 March, Conducting additional longer-term refinancing operations (LTROs) temporarily (with an interest rate equal to the average rate on the deposit facility, -0.50% currently). |
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European Central Bank | 01B | 01B - Support policies for short-term lending | EUR | OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 18 April 2020). | No amount/estimate: (i) 18 March, Easing collateral standards to give easier access to ECB liquidity, by adjusting the main risk parameters of the collateral framework; (ii) allow major banks (directly supervised by the ECB) to operate temporarily below the level of capital defined by the Pillar 2 Guidance (P2G), the capital conservation buffer (CCB) and the liquidity coverage ratio (LCR). |
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European Central Bank | 01C | 01C - Forex operations | EUR | Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 20 April 2020). | Additions of temporary swap arrangements with Denmark (reactivated, amount doubled to EUR24 billion), Croatia (EUR2 billion) and Bulgaria (EUR2 billion). |
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European Central Bank | 04 | 04 - Equity support | EUR | |||||
European Union | 01 | 01 - Liquidity Support | EUR | 10,000,000,000 | 11,061,946,903 | |||
European Union | 01A | 01A - Short-term lending | EUR | 10,000,000,000 | 11,061,946,903 | EC. https://ec.europa.eu/commission/presscorner/detail/en/ip_20_569 (accessed 16 April 2020). | March, The European Investment Bank (EIB) dedicated liquidity lines to banks to ensure additional working capital support for small and medium enterprises (SMEs) and mid-caps of EUR10 billion. |
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European Union | 01B | 01B - Support policies for short-term lending | EUR | |||||
European Union | 01C | 01C - Forex operations | EUR | |||||
European Union | 04 | 04 - Equity support | EUR | 300,000,000 | 331,858,407 | Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 20 April 2020). | April 8, The Commission is launching ESCALAR, a new investment approach, developed together with the European Investment Fund (EIF), that will support venture capital and growth financing for promising companies. In its pilot phase, ESCALAR will provide up to EUR300 million backed by the European Fund for Strategic Investments (EFSI). |