cost of disbursing collateralized loans. …

, comprehensive dataset of over one million loans by savings banks in Germany. We find that loans of retail customers, who have a … have inherent private information and are valuable in screening, in monitoring, and in reducing consumers’ incentives to …

approach, whereby the primitives of bidding behavior (individual bid schedules and bid-shading components) are directly …

’ joint bidding behaviour in Main Refinancing Operation (MRO) and Longer Term Refinancing Operations (LTRO). We test whether … bidding in the LTRO. These findings support the hypothesis that banks view obtaining liquidity from the two operations as …. Although size plays a considerable role for bidding behaviour, the conclusions are valid for banks of different size. …

' joint bidding behaviour in Main Refinancing Operation (MRO) and Longer Term Refinancing Operations (LTRO). We test whether … bidding in the LTRO. These findings support the hypothesis that banks view obtaining liquidity from the two operations as …. Although size plays a considerable role for bidding behaviour, the conclusions are valid for banks of different size …

econometric approach, whereby the primitives of bidding behavior (individual bid schedules and bid-shading components) are …