The European Central Bank (ECB) increased the emergency liquidity assistance (ELA) for Greek banks from €50 billion in …

provided liquidity against a range of assets during 2008-09. Dealers with lower equity returns and greater leverage prior to … higher bidding rates. Dealers with less liquid collateral on their balance sheets before the facilities were introduced also … liquidity in explaining dealer behavior. The results suggest that both financial performance and balance sheet liquidity play a …

This paper studies the effects of making corporate sector assets eligible as collateral for central bank borrowing …. Banks are willing to pay collateral premia on assets if they become eligible as collateral. Collateral premia make debt … collateral supply, firm responses also have a negative effect: higher debt issuance makes corporate bonds riskier in future …