Title:

Declining Valuations and Equilibrium Bidding in Central Bank Refinancing Operations

Authors:

Christian Ewerhart (U Zurich)
Nuno Cassola (European Central Bank)
Natacha Valla (Bank of France)

Journal:

International Journal of Industrial Organization

Year:

2010

Volume:

28

Pages:

30-43

JEL codes:

D44 - Auctions
E43 - Determination of Interest Rates; Term Structure of Interest Rates
E58 - Central Banks and Their Policies