... October 2008; and University of Chicago liquidity, credit risk, and extreme events conference, 2009; and seminars at Norges Bank, National Bank of Poland, Helsinki School of Economics, and the universities ... bps and −0.18 bps; for foreign banks, they are 2.84 bps and −0.15 bps; forLandesbanks, they are 2.83 bps and 0.50 bps; and for cooperative central banks, they are4.27 bps and 0.45 bps. Thus Landesbanks ... different securities and asset classes (Chordia, Subrahmanyam, and Roll, 2000;Hasbrouck and Seppi, 2001; Huberman and Halka, 2001; and Chordia, Sarkar, and Sub-rahmanyam, 2005). Support of this view...