A precisely defined quantity at the ECB, consisting of the Eurosystem’s monetary policy operations and autonomous liquidity factors. – See benchmark allotment, money market operations, money creation sector, liquidity needs, liquidity provision. – For the amounts of the individual items, see the annex “Euro area statistics,” section “Monetary statistics” in the respective ECB Monthly Bulletin and also the relevant “Notes” at the end of the statistical part, ECB Monthly Bulletin of February 2001, p. 17 (for the individual components), ECB Monthly Bulletin of May 2002, p. 45 et seq. (on fundamental issues of liquidity management), Deutsche Bundesbank Annual Report 2006, p. 33 ff. (factors determining liquidity; overview), Deutsche Bundesbank Annual Report 2009, p. 37 (overview of liquidity management in the euro area 2009-2010), ECB Monthly Report of January 2014, p. 75 ff. (detailed presentation of the ECB’s liquidity policy; many overviews).
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