Linzert, Tobias; Schmidt, Sandra - European Central Bank - 2008
Overnight Rate and the ECB’s Policy Rate (EONIA spread) aiming to explain the widening of the EONIA spread from mid-2004 to mid …-2006. In particular, we estimate a model on the EONIA spread since the introduction of the new operational framework in … March 2004 until August 2006. We show that the increase in the EONIA spread can for the largest part be explained by the …