2016•Journal of Financial IntermediationRequires access

Lending-of-last-resort is as lending-of-last-resort does: Central bank liquidity provision and interbank market functioning in the euro area

Carlos Garcia-de-Andoain, Florian Heider, Marie Hoerova, Simone Manganelli

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Key concepts: Interbank lending market, Market liquidity, Lender of last resort, Liquidity crisis, Financial system, Liquidity risk, Open market operation, Business

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Lending-of-last-resort is as lending-of-last-resort does: Central bank liquidity provision and interbank market functioning in the euro area — Research Paper | ScholarLens