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Fiorella De Fiore

Research Adviser · Bank for International Settlements

Research Adviser in the Monetary and Economic Department of the Bank for International Settlements, working on monetary and financial economics and macro-financial linkages. Research Fellow of CEPR.

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Online First Review of Economic Studies Online 21 May 2026

Money Markets, Collateral and Monetary Policy

Fiorella De Fiore · Marie Hoerova · Ciaran Rogers · Harald Uhlig

The paper studies the euro area interbank money markets during the global financial crisis (2007–09) and sovereign debt crisis (2010–15), documenting four empirical regularities and building a …

Money Markets Liquidity Financial Frictions Monetary Policy Transmission Free Read ↗