# Persistent bidders (also used in German; rarely bidder = someone who bids; in this case

- Canonical URL: https://www.gerhardmerk.de/persistent-bidders-also-used-in-german-rarely-bidder-someone-who-bids-in-this-case
- Post ID: 591609
- Modified: 2023-07-25T21:11:50+00:00
- Language: en

## Definition

at an auction of the central bank): A term that emerged around 2010 for banks that continuously, permanently draw on the central bank's facilities because - they currently have no access to the interbank market and are therefore - as the jargon goes - "on the drip-feed of the central bank" or - transactions with the central bank are more favorably priced than those with partners in the interbank market. - In both cases, a problem arises, first, with regard to the creditworthiness of the institution constantly obtaining liquidity from the central bank and, second, with regard to the central bank's interest rate policy. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 2.0.0