Kraenzlin, Sébastien; Nellen, Thomas - In: Journal of Monetary Economics 71 (2015) C, pp. 1-12
Deviations between interest rates paid in the Swiss franc unsecured money market and the respective Libor rate are analysed for a period spanning the financial crisis. First, banks that have access to sources of secured central bank and interbank funding pay less than other banks. Second,...