Affinito, Massimiliano - 2019
This paper studies the mutual interplay between central bank (CB) liquidity provisions and interbank market (IM …) liquidity exchanges, exploring whether the relationship changes in the event of IM impairments and massive CB liquidity … counterparty-by-counterparty data collated from 1998 to 2015 in Italy. The results show the existence of complementarity. Banks …