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The eurosystem money market auctions: a banking perspective

Bartzsch, Nikolaus; Craig, Ben R.; Fecht, Falko - 2005

This paper analyzes the individual bidding behaviour of German banks in the money market auctions conducted by the ECB from the beginning of the third quarter of 2000 to the end of the first quarter of 2001. Our approach takes a variety of characteristics of the individual banks into account. In...

Persistent link: https://www.econbiz.de/10010295903

Bank mergers and the dynamics of deposit interest rates

Craig, Ben R.; Dinger, Valeriya - 2008

impact of bank mergers on deposit rates. In particular, results on the dynamics of deposit rates surrounding bank mergers … vary substantially across studies. In this paper, we aim for a comprehensive empirical analysis of a bank merger's impact … monthly frequency for the time period 1997-2006. These data are matched with individual bank and local market characteristics …

Persistent link: https://www.econbiz.de/10010295939

Interbank tiering and money center banks

Craig, Ben R.; von Peter, Goetz - 2010

This paper provides evidence that interbank markets are tiered rather than flat, in the sense that most banks do not lend to each other directly but through money center banks acting as intermediaries. We capture the concept of tiering by developing a core-periphery model, and devise a procedure...

Persistent link: https://www.econbiz.de/10010303920