recourse to the LOLR facility (a) to derive banks' willingness-to-pay for liquidity through a one-week repo and (b) to show … results suggest (i) that banks' willingness-to-pay for liquidity indeed reflects refinancing conditions in the interbank …

recourse to the LOLR facility (a) to derive banks’ willingness-to-pay for liquidity through a one-week repo and (b) to show … results suggest (i) that banks’ willingness-to-pay for liquidity indeed reflects refinancing conditions in the interbank …We use a unique data set that comprises each bank’s bids in the Eurosystem’s main refinancing operations and its …

prices that banks pay for liquidity, captured here by borrowing rates in repos with the central bank and benchmarked by the …We identify frictions in the market for liquidity as well as bank-specific and market-wide factors that affect the … liquidity. We find that the price a bank pays for liquidity depends on the liquidity positions of other banks, as well as its …

We study the prices that individual banks pay for liquidity (captured by borrowing rates in repos with the central bank … depend in particular on the distribution of liquidity across banks, which is calculated over time using individual bank …-level data on reserve requirements and actual holdings. Banks pay more for liquidity when positions are more imbalanced across …

We study the prices that individual banks pay for liquidity (captured by borrowing rates in repos with the central bank … depend in particular on the distribution of liquidity across banks, which is calculated over time using individual banklevel … data on reserve requirements and actual holdings. Banks pay more for liquidity when positions are more imbalanced across …

prices that banks pay for liquidity, captured here by borrowing rates in repos with the central bank and benchmarked by the …We identify frictions in the market for liquidity as well as bank-specific and market-wide factors that affect the … liquidity. We find that the price a bank pays for liquidity depends on the liquidity positions of other banks, as well as its …

prices that banks pay for liquidity, captured here by borrowing rates in repos with the central bank and benchmarked by the …We identify frictions in the market for liquidity as well as bank-specific and market-wide factors that affect the … liquidity. We find that the price a bank pays for liquidity depends on the liquidity positions of other banks, as well as its …

, not defined in a market, but by the collateral frameworks and interest rate policies of central banks. Using the … on financial markets and the wider economy. They can, for example, bias the private provision of real liquidity and …

We study the liquidity demand of large settlement (first-tier) banks in the UK and its effect on the Sterling Money … Markets before and during the sub-prime crisis of 2007-08. Liquidity holdings of large settlement banks experienced on average … banks to park liquidity at the central bank rather than lend in the market. We show that following this structural break …

We study the prices that individual banks pay for liquidity (captured by borrowing rates in repos with the central bank … depend in particular on the distribution of liquidity across banks, which is calculated over time using individual banklevel … data on reserve requirements and actual holdings. Banks pay more for liquidity when positions are more imbalanced across …