combination of a number of factors, such as banks following strict internal credit limits, investment incentives created by yield … liquidity that resulted also determined TARGET2 balances. At the individual bank level, when controlling for banks' capital, non … smaller and better-capitalised banks, and for banking groups with liquidity centralised at the head institution. In addition …

share of troubled loans nor increased our measure of banks' riskiness. …

central bank policy. Possible tasks and objectives of central banks are historically deduced in order to then integrate the …

This paper discusses commercial banks' demand for central bank reserves under two alternative monetary policy framework … outlines the interaction between the monetary implementation framework used to steer short-term market interest rates and banks … holding reserves and enabled banks to hold relatively large buffers of reserves compared with the corridor system …