Session 3 – Demand for central bank reserves
Chair: Tobias Linzert, Head of Section, Policy Assessment, European Central Bank
How do banks manage liquidity? Evidence from the ECB’s tiering experiment
Luca Baldo, Banca d’Italia; Florian Heider, Peter Hoffmann, Jean-David Sigaux and Olivier Vergote, all from European Central Bank
Discussant: Vasso Ioannidou, Professor of Finance, Bayes Business School (formerly Cass), University of London