We study the intraday interest rate in a CCP-based GC pooling repo market and its key determinants. Since collateral … used in this market is identical to collateral eligible for the daylight overdraft facility of the Eurosystem, any intraday … rate in this market cannot be a result of collateral constraints keeping banks from using the overdraft for arbitrage …

recent crises. We use the full transaction level dataset on all repo trades on Eurex Repo, including identifiers for market … participants, to provide a detailed description of the market’s development and microstructure during the crises and under … provision in this market. Cross-segment arbitrage and market making is limited but growing steadily. The reallocation of …

stronger in the sovereign debt crisis. Moreover, the interbank market – unlike other credit markets – allows to exploit the …

commercial banks to the Eurosystem's open market operations in conjunction with the redistribution of liquidity via the TARGET …

We assess to what extent wage inflation policies in Germany could contribute to an economic rebalancing in the euro … and output in Germany and the rest of the euro area. The duration of constant interest rates and expectations about the … consists of Germany, the rest of the euro area, and the rest of the world. …

retail customers for the period 2009-2016 at the security level, we find evidence that banks sold off risky euro …