Puddu, Stefano; Waelchli, Andreas - 2011 - This version: October 2011
of ensuring adequate access to liquidity to financial institutions. One of these programs has been the Term Auction … Facility (TAF). The goal of this paper is twofold. First, we want to study banks' liquidity and liability features depending on … liquidity risk. In order to achieve these goals we fit a treatment effects model. In the first step the probability of obtaining …