In this paper, we focus on the interconnectedness of banks and the price they pay for liquidity. We assess how the … to meet its liquidity demand. We use quarterly data of bilateral interbank credit exposures between all German banks from … by the individual banks in the European Central Bank's (ECB) weekly repo auctions. The bids measure each bank …

In this paper, we focus on the interconnectedness of banks and the price they pay for liquidity. We assess how the … to meet its liquidity demand. We use quarterly data of bilateral interbank credit exposures between all German banks from … by the individual banks in the European Central Bank's (ECB) weekly repo auctions. The bids measure each bank …

recourse to the LOLR facility (a) to derive banks' willingness-to-pay for liquidity through a one-week repo and (b) to show … results suggest (i) that banks' willingness-to-pay for liquidity indeed reflects refinancing conditions in the interbank …

lending and borrowing rates of banks with and without such access. U.S. liquidity shocks cause a significant decrease in the …We show that emergency liquidity provision by the Federal Reserve transmitted to non-U.S. banking markets. Based on … manually collected holding company structures of international banks, we can identify banks in Germany with access to U …

We analyze the impact of financial crises and monetary policy on the supply of wholesale funding liquidity, and also on … on interbank access and volume is stronger than on spreads. Liquidity supply restrictions are exacerbated for cross …- border lending after the Lehman failure; for banks headquartered in periphery countries, the impact is quantitatively …

market. We find that lender banks with greater bargaining power over their borrowers charge higher interest rates, while the …