constraints on the functional form of asset liquidity and central bank collateral haircuts. The model allows capturing how asset … liquidity and the central bank collateral framework interact and determine funding market access of banks and the ability of … banks to undertake liquidity and term transformation, which impacts also on monetary conditions. Moreover, the paper …

We study how banks manage their liquidity among the various assets at their disposal. We exploit the introduction of … assets over time. Our results imply that frictions in one market for liquidity can spill over to several markets …