Banks with more interbank relationships meet liquidity needs ‘more efficiently’, finds Bundesbank paper
Banks with a larger number of "established lending relationships" in the interbank market are able to meet their liquidity needs "more efficiently" and with less reliance on the central bank, according to a discussion paper published by the Deutsche Bundesbank today.
In The role of interbank relationships and liquidity needs, Ben Craig, Falko Fecht and Günseli Tümer-Alkan analyse the behaviour of German banks in the European Central Bank's (ECB) main refinancing operations.
One of the ways in
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