collateral constraints. Second, credit flows are intermediated by monopolistically competitive banks, thus giving rise to … banking competition increases, due to the fall in lending spreads and the resulting increase in financial leveraging …

supported in equilibrium, as endogenous policy rewards entry to the sector where workers are abundant. We generalize our theory …

constraints on the functional form of asset liquidity and central bank collateral haircuts. The model allows capturing how asset … liquidity and the central bank collateral framework interact and determine funding market access of banks and the ability of … provides a cross-section analysis of liquidity properties and central bank collateral haircuts of the euro area fixed income …