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Money Markets, Collateral and Monetary Policy

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NBER2018-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w25319
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During the financial and sovereign debt crises, euro area interbank money markets underwent dramatic changes: the share of unsecured borrowing declined throughout the euro area, while private market haircuts on sovereign bonds and bank borrowing from the European Central Bank increased in the South.
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2018-12-01
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