Geldpolitik der Deutschen Bundesbank von 1975-1998 Analyseansätze zur geldpolitischen Effizienz Monetäre Ordnungspolitik im Rahmen der allgemeinen Wirtschaftsordnung Institutionelle Grundlagen der deutschen Geldordnung Institutionenökonomische Implikationen europäischer Geldpolitik

Motivated by the financial crisis of 2007-2009 several papers have provided explanations for why liquidity may dry up during market stress. This paper also looks at this issue but focuses on the question as to why the liquidity crunch was not uniform across maturities. As funding pressures were...