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This paper provides an overview of bank funding trends in the euro area following the 2007-09 global financial crisis … liquidity provided by the ECB. euro area ; financial crisis ; bank funding ; renationalisation ; secured issuance ; debt …
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This paper identifies two types of market failures. The first concerns a coordination problem associated with panics. The problem in analysing this type of market failure from a policy perspective is that there is no widely accepted method for selecting equilibria. The second market failure...
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