After 2008 it was suggested in the USA that banks looked at their own books and thought: "If I am in this shape, what are conditions like in these other banks? At that point they became unwilling to lend to one another even overnight.

The ECB was decisive in its liquidity provision, and one of its first unlimited liquidity operations was a two-week tender to tide banks over year-end in 2007 already. When unlimited liquidity at the wekly repos was introduced in October 2008 it was just more of the same.

So, in what may be my last act of "advising", I'll advise you to cut the jargon. -- My old PhD advisor, to me, 26/2/11