We analyze the role of loan maturity and collateral eligibility for the transmission of central bank liquidity … extended the ECB liquidity maturity—in Italy, where banks benefited from a government guarantee program that effectively … relaxed the ECB collateral requirements. Combining the national credit register with banks' securities holdings, we find that …

We examine the system-wide effects of liquidity regulation on banks’ balance sheets. In the general equilibrium model … value before maturity, e.g., structured securities. By improving the liquidity of interbank markets, tighter liquidity … requirements induce banks to invest in such complex assets. We evaluate the welfare properties of combining liquidity regulation …

When a bank receives credit from the central bank, its Liquidity Coverage Ratio (LCR) changes. In most cases, the LCR …

countries. This paper develops a two-country New Keynesian model { calibrated to represent a high- and a low-liquidity euro area …. These dampening effects are higher in the high-liquidity country. We find similar results in response to a monetary policy …