Ewerhart, Christian; Cassola, Nuno; Valla, Natacha - In: International Journal of Industrial Organization 28 (2010) 1, pp. 30-43
Among the most puzzling observations on the euro money market are the discount in the weekly refinancing operations, the more aggressive bidding under uncertainty, the temporary flatness of bid schedules, and the development of interest rate spreads. To explain these observations, we consider a...