Banks' Reserve Management, Transaction Costs, and the Timing of Federal Reserve Intervention /
We use daily data on bank reserves and overnight interest rates to document a striking pattern in the high-frequency behavior of the U.S. market for federal funds: depository institutions tend to hold more reserves during the last few days of each 'reserve maintenance period,' when the opp...
| প্রধান লেখক: | |
|---|---|
| অন্যান্য লেখক: | , |
| বিন্যাস: | পত্রিকা |
| ভাষা: | English |
| প্রকাশিত: |
Washington, D.C. :
International Monetary Fund,
2000.
|
| মালা: | IMF Working Papers; Working Paper ;
No. 2000/163 |
| অনলাইন ব্যবহার করুন: | Full text available on IMF |