versus foreign lenders. Crisis shocks reduce the supply of crossborder liquidity, with stronger volume effects than pricing … liquidity, but without fostering strong cross-border financial reintegration. …

studying an extensive dataset of banks' liquidity uptake and pledged collateral in central bank repos. We document systemic … collateral to demand disproportionately larger amounts of central bank money (liquidity). This holds both before and after the …

We analyze the impact of financial crises and monetary policy on the supply of wholesale funding liquidity, and also on … on interbank access and volume is stronger than on spreads. Liquidity supply restrictions are exacerbated for cross … price dispersion substantially decreases when the Eurosystem promises unlimited access to liquidity at a fixed price in …

We analyze the impact of financial crises and monetary policy on the supply of wholesale funding liquidity, and also on … on interbank access and volume is stronger than on spreads. Liquidity supply restrictions are exacerbated for cross … price dispersion substantially decreases when the Eurosystem promises unlimited access to liquidity at a fixed price in …

versus foreign lenders. Crisis shocks reduce the supply of crossborder liquidity, with stronger volume effects than pricing … liquidity, but without fostering strong cross-border financial reintegration …

While net settlement systems make more efficient use of liquidity than gross settlement systems, they are known to … settlement systems coexist? Do liquidity shortages induce banks to settle more transactions in net settlement system, thereby … risks are high, increasing the need for liquidity and the money market rate but reducing overall systemic risk? This paper …

are structurally more exposed to liquidity shocks, have a more aggressive bidding behavior in the Eurosystem's main … require liquidity from the LLR at a fixed penalty rate. Hence, the option value for a LLR access varies fundamentally across … banks. Banks that enter high liquidity risks benefit more from the current implementation of a uniform LLR lending rate …