certificates of deposit (CDs) and Eurodollar deposits, as banks and investors sought ways around various regulations affecting …-term safe assets, especially Treasury bills. Banks appear to have issued these money market instruments as substitutes for other … types of funding. The integration of money markets and ability of banks to raise funds using a greater variety of …

reserves by banks. The inferred valuation can be used to interpret shifts in rate curves between bank pairs, for example, in … from Mexico around the 2008 financial crisis. During the crisis, relatively small banks were lending to large banks at …