To understand the impact of the 2007–9 financial crisis, we model the E uro overnight
interest rate average (EONIA) spread against the main reference rate as an exponential …

Ratings seek to assess the credit quality of the economic operators and of the debt
instruments that they issue. The reasons justifying the use of ratings are, on the one hand, to …

The financial crisis has produced a generalized rise of the liquidity risk on the money
markets. The purpose of this article is to highlight the mechanisms of contagion between the …

La calificación crediticia externa es un elemento clave para el buen fin de las operaciones
de titulización. No obstante, las agencias de calificación han sido objeto de una intensa …

A política monetária é, hoje em dia, implementada na generalidade das economias
avançadas através da definição de um nível de referência para uma taxa de juro de curto …

I address the role of information heterogeneity in the Euro interbank market for unsecured
term lending. I use high-frequency quotes of bid and ask prices to estimate probabilities of …

Nowadays, monetary policy is implemented in most advanced economies by setting a
reference level for a short-term interest rate. The ECB Governing Council is responsible for …

The financial crisis has produced a generalized rise of the liquidity risk on the money
markets. The purpose of this article is to highlight the mechanisms of contagion between the …