Mancini, Loreano; Ranaldo, Angelo; Wrampelmeyer, Jan - School of Finance, Universität St. Gallen - 2013
The search for a market design that ensures stable bank funding is at the top of regulators' policy agenda. This paper empirically shows that an important part of the European money market features this quality, namely the central counterparty (CCP)-based euro interbank repo market. Using a...