. Therefore, the analysis suggests that there is a lower bound for the amount of liquidity provided through short-term operations …

We analyze the pledging behavior of Euro area banks during the introduction of the liquidity coverage ratio (LCR). The … national liquidity requirements to proxy for banks' incentives to exploit this differential treatment of central bank eligible … national liquidity requirement pledge more and less liquid collateral than banks with a preceding national liquidity …

on financial markets and the wider economy. They can, for example, bias the private provision of real liquidity and …

We study the design of lender of last resort interventions and show that the provision of long-term liquidity …-term domestic government bonds that could be pledged to obtain central bank liquidity. This "collateral trade" effect is large, as …

This study investigates to what extent the significant liquidity injections by the ECB over the past 15 years may have … created a dependency by banks on central bank liquidity itself. Following Acharya et al. (2024), I examine whether the ECB …'s liquidity provision changed banks' incentives to increase liquid deposits, potentially heightening their susceptibility to …

sovereigns manifested in a liquidity shock to their international funding through two channels: (i) a contraction in cross … households, is documented for euro area banks affected by the international liquidity shock and that drew on ECB liquidity under …

dependent on banks' solvency and liquidity exposures. Our results highlight that it is necessary to take heterogeneity of …