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Heinrich-Heine-Universität Düsseldorf >
Düsseldorf Institute for Competition Economics (DICE), University of Düsseldorf >
DICE Discussion Paper, Düsseldorf Institute for Competition Economics (DICE) >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/41415
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Hauck, Achim | | en_US |
| dc.contributor.author | | Neyer, Ulrike | | en_US |
| dc.date.accessioned | | 2010-11-02T09:15:37Z | | - |
| dc.date.available | | 2010-11-02T09:15:37Z | | - |
| dc.date.issued | | 2010 | | en_US |
| dc.identifier.isbn | | 978-3-86304-008-6 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/41415 | | - |
| dc.description.abstract | | This paper develops a theoretical model which explains several stylized facts observed in the euro area interbank market after the collapse of Lehman Brothers in 2008. The model shows that if costs of participating in the interbank market are high, the central bank assumes an intermediary function between liquidity surplus banks and liquidity deficit banks and thereby replaces the interbank market. From a policy perspective, we argue that possible measures of the Eurosystem to reactivate the interbank market may conflict, inter alia, with monetary policy aims. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | DICE Düsseldorf | | en_US |
| dc.relation.ispartofseries | | DICE discussion paper 09 | | en_US |
| dc.subject.jel | | E52 | | en_US |
| dc.subject.jel | | E58 | | en_US |
| dc.subject.jel | | G01 | | en_US |
| dc.subject.jel | | G21 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Liquidity | | en_US |
| dc.subject.keyword | | Monetary Policy Instruments | | en_US |
| dc.subject.keyword | | Interbank Market | | en_US |
| dc.subject.keyword | | Financial Crisis | | en_US |
| dc.subject.stw | | Geldmarkt | | en_US |
| dc.subject.stw | | Finanzmarktkrise | | en_US |
| dc.subject.stw | | Geldpolitik | | en_US |
| dc.subject.stw | | Bankenliquidität | | en_US |
| dc.subject.stw | | Europäische Wirtschafts- und Währungsunion | | en_US |
| dc.subject.stw | | EU-Staaten | | en_US |
| dc.title | | The euro area interbank market and the liquidity management of the eurosystem in the financial crisis | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 638077230 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| dc.identifier.repec | | RePEc:zbw:dicedp:09 | | - |
| Appears in Collections: | | DICE Discussion Paper, Düsseldorf Institute for Competition Economics (DICE)
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