The fixed rate tender is one of the main operational formats used by central banks in the implementation of their …, central banks such as the ECB and the Bank of England have continued using it. We elaborate on this apparent conflict by …

credit supply---increasing loan application rejections and tightening loan volume and rates---especially for banks with more …

studying an extensive dataset of banks' liquidity uptake and pledged collateral in central bank repos. We document systemic …Central banks are under increased scrutiny because of the rapid growth in, and composition of, their balance sheets … arbitrage whereby banks funnel credit risk and low-quality collateral to the central bank. Weaker banks use lower quality …

banks operate under a structural liquidity surplus. The model shows that increasing excess reserves have no or even a … excess reserves, implying a structural liquidity surplus in the euro area banking sector. Against this background, the first … part of this paper analyses the Eurosystem's liquidity management during normal times, crisis times and times of too low in …

apply negative interest rates to corporate deposits. The results suggest that banks that are highly exposed to the negative … deposit rates. Furthermore, I examine whether banks adjusted their fee and commission strategy during the NIRP period and if … they do what characterises those banks. My results show that banks adjusted their strategy in deposit business with …

The moral hazard incentives of the bank safety net predict that distressed banks take on more risk and higher leverage … include financial crises and are subject to different regulatory regimes (1985–1994, 2005–2014). We find that distressed banks …

This study deals with the question whether the central banks of Sweden, Denmark and the UK can really influence short …