Day-To-Day Monetary Policy and the Volatility of the Federal Funds Interest Rate /
We propose a model of the interbank money market with an explicit role for central bank intervention and periodic reserve requirements, and study the interaction of profit-maximizing banks with a central bank targeting interest rates at high frequency. The model yields predictions on biweekly patter...
| Päätekijä: | |
|---|---|
| Muut tekijät: | , |
| Aineistotyyppi: | Aikakauslehti |
| Kieli: | English |
| Julkaistu: |
Washington, D.C. :
International Monetary Fund,
2000.
|
| Sarja: | IMF Working Papers; Working Paper ;
No. 2000/206 |
| Aiheet: | |
| Linkit: | Full text available on IMF |