Inter-bank Market and Liquidity Distribution during the Great Financial Crisis: The e-MID Case

Gianfranco A. Vento and Pasquale Ganga

Chapter 6 in New Issues in Financial and Credit Markets, 2010, pp 82-98 from Palgrave Macmillan

Abstract: Abstract For many years, the unsecured inter-bank market has been considered the archetype of an efficient market. The participants are all professionals, and consequently they are supposed to be adequately equipped to assess the risks related to market participation. The efficiency of the inter-bank market worldwide is also confirmed by the high number of participants, the significant degree of market breadth and depth, and the narrow bid-ask spreads.

Keywords: Monetary Policy; Central Bank; Euro Area; Credit Default Swap; Credit Market (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-30218-1_7

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DOI: 10.1057/9780230302181_7

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