) to address the recent tensions in financial markets since summer 2007. In this paper, we analyse banks' bidding behaviour … unique data set comprising repo auctions from March 2004 to October 2008 with bidding data from 877 counterparties. We find …, the increased attractiveness of the ECB's tender operations due to its collateral framework and banks' bidding more …

This paper employs individual bidding data to analyze the empirical performance of the longer term refinancing … operations (LTROs) of the European Central Bank (ECB). We investigate how banks' bidding behavior is related to a series of … characteristics like country of origin, size, and experience. Panel regressions reveal that a bank's bidding depends on bank …

. The model is estimated with individual bidding data of the Spanish banks, and also with aggregate bidding data of all …