We address the role of information heterogeneity in the Euro interbank market for unsecured term lending. We use high … the euro area money market. We find that the probability of finding a trading counterparty with a wider information set …-informed bank is higher on days when open market operations take place, and at the end of the maintenance period. This effect has …

in modern monetary and financial systems, namely central bank collateral frameworks. Their importance can be understood … by the observation that the money at the core of these systems, central bank money, is injected into the economy on terms … that the collateral framework in the euro area promotes risky and illiquid collateral and, more generally, impairs market …

assesses the effect of the NIRP on the net interest rate margins of the euro area banks using quarterly consolidated bank level … specifications, also suggest an additional negative effect on bank profitability in the period of negative euro area short …The negative interest rate policy (NIRP) has been in place in the euro area since June 2014. While the NIRP can provide …

corresponding lending rate. Other financial market characteristics, such as the measure of bank profitability and the ratio of … capital to bank assets, are also found to affect the long-run level of one or more lending rates. Higher competition in credit …