Craig, Ben R.; Fecht, Falko; Tümer-Alkan, Günseli - In: Journal of Banking & Finance 53 (2015) C, pp. 99-111
In this paper, we focus on the interconnectedness of banks and the price they pay for liquidity. We assess how the … to meet liquidity demand. We use quarterly data of bilateral interbank credit exposure among all German banks from 2000 … liquidity, since they had variable rate tenders with a “pay-your-bid” price. Controlling for bank characteristics and the daily …