charged already higher interest rates to their borrowers after controlling for other bank specific characteristics and general …

We use a unique data set that comprises each bank's bids in the Eurosystem's main refinancing operations and its … that a bank's willingness-to-pay is a good indicator for the probability that this bank draws on the LOLR facility. Our …

interbank lending. The rules, which combine individual bank characteristics and interconnectivity measures of interbank lending …

the proprietary bank-to-bank European interbank dataset extracted from Target2 and also exploit the Lehman and sovereign …

concentration of credit relationships and the position of a bank in the network topology of the system influence the bank's ability … by the individual banks in the European Central Bank's (ECB) weekly repo auctions. The bids measure each bank …'s willingness to pay for liquidity since they had variable rate tenders with a 'pay-your-bid' price. Controlling for bank …

implications for allocative efficiency and financial stability. A typical bank in our sample holds a significant amount of term and …This paper explores the economics of interbank lending and borrowing using bank-balance sheet data for Germany, the … innovations in the client book (i.e. non-bank deposit taking and lending). The resulting interbank book affects the bank …