Browsing Department of Business and Management Science by Subject "open market operations"

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    • Bidding and performance in repo auctions : evidence from ECB open market operations 

      Bindseil, Ulrich; Nyborg, Kjell G.; Strebulaev, Ilya A. (Discussion paper, Working paper, 2005-07)
      Repo auctions are used to inject central bank funds against collateral into the banking sector. The ECB uses standard discriminatory auctions and hundreds of banks participate. The amount auctioned over the monthly reserve ...