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Lending-of-last-resort is as lending-of-last-resort does: central bank liquidity provision and interbank market functioning in the euro area
Garcia-de-Andoain, Carlos; Heider, Florian; Hoerova, Marie - 2016
This paper investigates the impact of ample liquidity provision by the European Central Bank on the functioning of the overnight unsecured interbank market from 2008 to 2014. We use novel data on interbank transactions derived from TARGET2, the main euro area payment system. To identify...
Persistent link: https://www.econbiz.de/10011605931
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Lending-of-last-resort is as lending-of-last-resort does : central bank liquidity provision and interbank market functioning in the euro area
Garcia de Andoain, Carlos; Heider, Florian; Hoerova, Marie - 2016
Persistent link: https://www.econbiz.de/10011448928
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Lending-of-last-resort is as lending-of-last-resort does : central bank liquidity provision and interbank market functioning in the eruo area
Garcia de Andoain, Carlos; Heider, Florian; Hoerova, Marie - 2015
Persistent link: https://www.econbiz.de/10011398499
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Lending-of-last-resort is as lending-of-last-resort does : central bank liquidity provision and interbank market functioning in the euro area
Garcia de Andoain, Carlos; Heider, Florian; Hoerova, Marie - In: Journal of financial intermediation 28 (2016), pp. 32-47
Persistent link: https://www.econbiz.de/10011715179
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Lending-of-Last-Resort Is as Lending-of-Last-Resort Does : Central Bank Liquidity Provision and Interbank Market Functioning in the Euro Area
Garcia de Andoain, Carlos - 2016
This paper investigates the impact of ample liquidity provision by the European Central Bank on the functioning of the overnight unsecured interbank market from 2008 to 2014. We use novel data on interbank transactions derived from TARGET2, the main euro area payment system. To identify...
Persistent link: https://www.econbiz.de/10013003519
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Lending-of-Last-Resort is as Lending-of-Last-Resort Does : Central Bank Liquidity Provision and Interbank Market Functioning in the Euro Area
Garcia de Andoain, Carlos - 2016
This paper investigates the impact of ample liquidity provision by the European Central Bank on the functioning of the overnight unsecured interbank market from 2008 to 2014. We use novel data on interbank transactions derived from TARGET2, the main euro area payment system. To identify...
Persistent link: https://www.econbiz.de/10012998230