Alexius, Annika; Birenstam, Helene; Eklund, Johanna - Nationalekonomiska institutionen, Stockholms Universitet - 2014
When the interbank market risk premium soared during the finnancial crisis, it created a wedge between interest rates actually paid by private agents and the rapidly falling policy rates. Many central banks attempted to improve the situation by supplying liquidity to the domestic interbank...