Linzert, Tobias; Nautz, Dieter; Bindseil, Ulrich - 2021
This paper employs individual bidding data to analyze the empirical performance of the longer term refinancing … operations (LTROs) of the European Central Bank (ECB). We investigate how banks' bidding behavior is related to a series of … characteristics like country of origin, size, and experience. Panel regressions reveal that a bank's bidding depends on bank …