کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5090909 1375650 2007 20 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The eurosystem money market auctions: A banking perspective
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
The eurosystem money market auctions: A banking perspective
چکیده انگلیسی
This paper analyzes the individual bidding behavior of German banks in the money market auctions conducted by the ECB from the beginning of 2000:IIIQ to the end of 2001:IQ. Our approach takes a variety of characteristics of the individual banks into account, particularly variables that capture the different use of liquidity and the different attitude towards liquidity risk of the individual banks. It turns out that these characteristics are reflected in banks' bidding behavior. Thus, our study contributes to a deeper understanding of the way liquidity risk is managed in the banking sector.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Banking & Finance - Volume 31, Issue 9, September 2007, Pages 2925-2944
نویسندگان
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