We study the effect of collateral eligibility of corporate loans on the pricing of these loans by banks in Finland …. Speciftcally, we investigate whether loans that are pledgeable as collateral for central bank borrowing have lower liquidity premia … and thus lower interest rates. For identiftcation, we utilize two unanticipated changes in the collateral framework of the …

This paper studies whether Eurosystem collateral eligibility played a role in the portfolio choices of euro area asset …

We construct the first measure of collateral re-use at the bank and bond level for the European repo market using a … than liquidity and profit from the repo rate spread. Yet, dealers also re-use collateral to source liquidity which exposes … them to collateral runs. Our results contribute to the policy debate on trade-offs between shock absorption and financial …