In this paper, I analyze the impact of the extension of the ECB s collateral framework on securities sales. In addition … lead to fire sales adversely impacting other financial institutions. I find clear evidence that the ECB s collateral … framework has a stabilizing impact on sales of assets, especially for impaired banks and during the crisis the relationship is …

central bank collateral framework and regulation determine jointly the ability of the banking system to deliver maturity … bank collateral and why a sudden non-anticipated reduction of asset liquidity, or a tightening of the collateral framework …, can destabilize short term liabilities of banks. Finally, the model allows discussing how the collateral framework can be …

central bank collateral framework and regulation determine jointly the ability of the banking system to deliver maturity … bank collateral and why a sudden non-anticipated reduction of asset liquidity, or a tightening of the collateral framework …, can destabilize short term liabilities of banks. Finally, the model allows discussing how the collateral framework can be …

initial design of the operational and collateral framework. …

initial design of the operational and collateral framework. JEL Classification: E52, E58, G01, G20. …