Cuzzola, Angelo; Barbieri, Claudio; Bindseil, Ulrich - 2023
The paper studies the central bank collateral framework and its impact on banks’ liquidity under an adverse stress test … four funding channels: unsecured loans, asset sales, private repurchase agreements, or Central Bank lending. We test three … highlight the heterogeneous effects across different jurisdictions and financial institutions. We find that bank equity losses …