recourse to the LOLR facility (a) to derive banks’ willingness-to-pay for liquidity through a one-week repo and (b) to show … results suggest (i) that banks’ willingness-to-pay for liquidity indeed reflects refinancing conditions in the interbank …We use a unique data set that comprises each bank’s bids in the Eurosystem’s main refinancing operations and its …

recourse to the LOLR facility (a) to derive banks' willingness-to-pay for liquidity through a one-week repo and (b) to show … results suggest (i) that banks' willingness-to-pay for liquidity indeed reflects refinancing conditions in the interbank …

prices that banks pay for liquidity, captured here by borrowing rates in repos with the central bank and benchmarked by the …We identify frictions in the market for liquidity as well as bank-specific and market-wide factors that affect the … liquidity. We find that the price a bank pays for liquidity depends on the liquidity positions of other banks, as well as its …

We study the prices that individual banks pay for liquidity (captured by borrowing rates in repos with the central bank … depend in particular on the distribution of liquidity across banks, which is calculated over time using individual banklevel … data on reserve requirements and actual holdings. Banks pay more for liquidity when positions are more imbalanced across …

prices that banks pay for liquidity, captured here by borrowing rates in repos with the central bank and benchmarked by the …We identify frictions in the market for liquidity as well as bank-specific and market-wide factors that affect the … liquidity. We find that the price a bank pays for liquidity depends on the liquidity positions of other banks, as well as its …

We study the impact of tiered payments originating from client banks on the liquidity consumption (relative intraday … liquidity use) of settlement banks. Estimates of a panel data model, employing wholesale payments in euro, show that a higher … share of tiered payments reduces liquidity consumption by settlement banks. Metrics on timing, delay, and payment priorities …

We study the impact of tiered payments originating from client banks on the liquidity consumption (relative intraday … liquidity use) of settlement banks. Estimates of a panel data model, employing wholesale payments in euro, show that a higher … share of tiered payments reduces liquidity consumption by settlement banks. Metrics on timing, delay, and payment priorities …

We study the prices that individual banks pay for liquidity (captured by borrowing rates in repos with the central bank … depend in particular on the distribution of liquidity across banks, which is calculated over time using individual banklevel … data on reserve requirements and actual holdings. Banks pay more for liquidity when positions are more imbalanced across …

In this paper, we focus on the interconnectedness of banks and the price they pay for liquidity. We assess how the … to meet its liquidity demand. We use quarterly data of bilateral interbank credit exposures between all German banks from … concentration of credit relationships and the position of a bank in the network topology of the system influence the bank’s ability …