This paper analyzes the role of standing facilities in the determination of the demand for reserves in the overnight money market. In particular, we study how the asymmetric nature of the deposit and lending facilities could be used as a powerful policy tool for the simultaneous control of prices and quantities in the market for daily funds
The relative liquidity of financial assets is significantly influenced by the Central Bank’s willing...
This paper presents evidence that the existence of deposit and lending facilities combined with an a...
We use daily data on bank reserves and overnight interest rates to document a striking pattern in th...
This paper analyzes the role of standing facilities in the determination of the demand for reserves ...
This paper analyzes the role of standing facilities in the determination of the demand for reserves ...
This paper analyzes the role of standing facilities in the determination of the demand for reserves ...
This paper presents evidence that the existence of deposit and lending facilities combined with an a...
In recent years, some central banks have implemented monetary policy without reserve requirements by...
This paper presents evidence that the existence of deposit and lending facilities combined with an a...
This paper presents evidence that the existence of deposit and lending facilities combined with an a...
The conditions on the day-to-day money market are decisive for interestrate determination on the mon...
This paper presents evidence that the existence of deposit and lending facilities combined with an a...
Overnight interbank markets provide critical facilities for the banking system to manage, pool and r...
This paper examines how asymmetric information influences the margins charged by a global custody ba...
Overnight interbank markets provide critical facilities for the banking system to manage, pool and r...
The relative liquidity of financial assets is significantly influenced by the Central Bank’s willing...
This paper presents evidence that the existence of deposit and lending facilities combined with an a...
We use daily data on bank reserves and overnight interest rates to document a striking pattern in th...
This paper analyzes the role of standing facilities in the determination of the demand for reserves ...
This paper analyzes the role of standing facilities in the determination of the demand for reserves ...
This paper analyzes the role of standing facilities in the determination of the demand for reserves ...
This paper presents evidence that the existence of deposit and lending facilities combined with an a...
In recent years, some central banks have implemented monetary policy without reserve requirements by...
This paper presents evidence that the existence of deposit and lending facilities combined with an a...
This paper presents evidence that the existence of deposit and lending facilities combined with an a...
The conditions on the day-to-day money market are decisive for interestrate determination on the mon...
This paper presents evidence that the existence of deposit and lending facilities combined with an a...
Overnight interbank markets provide critical facilities for the banking system to manage, pool and r...
This paper examines how asymmetric information influences the margins charged by a global custody ba...
Overnight interbank markets provide critical facilities for the banking system to manage, pool and r...
The relative liquidity of financial assets is significantly influenced by the Central Bank’s willing...
This paper presents evidence that the existence of deposit and lending facilities combined with an a...
We use daily data on bank reserves and overnight interest rates to document a striking pattern in th...