GOnzález, Camilo; Silva, Luisa; Vargas, Carmiña; … - Banco de la Republica de Colombia - 2013
interbank market and open market operations depend on their individual requirement constraint and daily liquid assets. Our … results do not show a linkage between the uncertainty in the money supply mechanism and activity in the interbank market …. Equilibrium interest rate for the interbank market is derived, and is shown that it is distorted by uncertainty at the daily …