Bargaining Power and Outside Options in the Interbank Lending Market
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DOI: 10.29412/res.wp.2020.10
Abstract: We study the role of bargaining power and outside options with respect to the pricing of over-the-counter interbank loans using a bilateral Nash bargaining model, and we test the model predictions with detailed transaction-level data… read more here.
Keywords: outside options; bargaining power; euro area; power ... See more keywords