to the real economy can be the source of banking crisis, causing an increase in the interbank finance premia, aggravating … the initial shock; and (iii) asset purchase policies and long-term refinancing operations can both be successful in …

We present a two-country model with an enhanced banking sector featuring risky lending and cross-border interbank … shocks to the real economy can be the source of banking crisis, causing an increase in interbank funding costs, aggravating … the initial shock; and (iii) asset purchases and central bank long-term refinancing operations can be effective …

We present a two-country model with an enhanced banking sector featuring risky lending and cross-border interbank … shocks to the real economy can be the source of banking crisis, causing an increase in interbank funding costs, aggravating … the initial shock; and (iii) central bank asset purchases and long-term refinancing operations can be effective …