the other hand, monetary policy reveals information about the central bank's policy preferences, short and long interest …

This paper presents a model of the optimal bidding behaviour of a single bank in the context of fixed rate liquidity … tenders. Banks’ bidding is shown to depend crucially on the central bank’s liquidity policy as regards tender allotments. The …

bank to respond more aggressively to shocks than if the parameter were known with certainty, since the central bank wants …

jelentőségű, és ezzel a jegybank szerepe háttérbe szorul ezen a téren. A pénzteremtés irányítását a központi bank napjainkban már …

together the borrowers' balance sheet channel with an additional channel working through bank capital, considering capital … which households require a (countercyclical) liquidity premium to hold bank capital, we find that the introduction of bank …

The paper provides evidence on what affects at the margin the cost and availability of bank credit for firms in … information generated in relationships is not. To capture the closeness of bank relationships, we resort to the concentration of … bank credit and the number of credit lines in a bank. We also consider public information available in the Central de …