, not defined in a market, but by the collateral frameworks and interest rate policies of central banks. Using the … on financial markets and the wider economy. They can, for example, bias the private provision of real liquidity and …

that the interbank system became more resilient to solvency shocks but less resilient to liquidity shocks as banks sharply … during the nineteenth century to facilitate interregional payments and flows of liquidity and credit. Vast sums moved through … affected the system's resilience to solvency and liquidity shocks and whether those shocks might have been contagious. We find …

the interbank system became more resilient to solvency shocks but less resilient to liquidity shocks as banks sharply … during the 19th century to facilitate interregional payments and flows of liquidity and credit. Vast sums moved through the … the system's resilience to solvency and liquidity shocks and whether these shocks might have been contagious. We find that …

the interbank system became more resilient to solvency shocks but less resilient to liquidity shocks as banks sharply … during the 19th century to facilitate interregional payments and flows of liquidity and credit. Vast sums moved through the … the system's resilience to solvency and liquidity shocks and whether these shocks might have been contagious. We find that …

We analyze the pledging behavior of Euro area banks during the introduction of the liquidity coverage ratio (LCR). The … national liquidity requirements to proxy for banks' incentives to exploit this differential treatment of central bank eligible … national liquidity requirement pledge more and less liquid collateral than banks with a preceding national liquidity …

the interbank system became more resilient to solvency shocks, but less resilient to liquidity shocks, as banks sharply … during the 19th century to facilitate interregional payments and flows of liquidity and credit. Vast sums moved through the … the system's resilience to solvency and liquidity shocks and whether these shocks might have been contagious. We find that …

We study how the subjective beliefs about loan repayment on the side of liquidity-constrained banks affect the central … bank's choice of collateral standards in its lending facilities. Optimism on the side of banks, entailing a higher … banks' belief distortions and always induce the socially optimal allocation. Under uncertainty about beliefs, the central …

discriminatory auctions and hundreds of banks participate. The amount auctioned over the monthly reserve maintenance period is in … principle exactly what banks collectively need to fulfil reserve requirements. We study bidder-level data and find: (i) Bidder …