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Implementing monetary policy in a fragmented monetary union

Miklos, Vari - 2014

Persistent link: https://www.econbiz.de/10010489040

Norwegian interbank market's response to changes in liquidity policy

Akram, Qaisar Farooq; Findreng, Jon - In: Journal of banking & finance 125 (2021), pp. 1-15

Persistent link: https://www.econbiz.de/10012819744

Sensitivity of the Eisenberg-Noe Clearing Vector to Individual Interbank Liabilities

Feinstein, Zachary - 2017

We quantify the sensitivity of the Eisenberg-Noe clearing vector to estimation errors in the bilateral liabilities of a … financial system. The interbank liabilities matrix is a crucial input to the computation of the clearing vector. However, in … is rarely available. As a result, the clearing vector may suffer from estimation errors in the liabilities matrix. We …

Persistent link: https://www.econbiz.de/10012948255

Estimating the money market microstructure with negative and zero interest rates

Rainone, Edoardo; Vacirca, Francesco - In: Quantitative finance 20 (2020) 2, pp. 207-234

Persistent link: https://www.econbiz.de/10012194862

Systemic risk in the Angolan interbank payment system : a network approach

Borges, Maria Rosa; Ulica, Lauriano; Gubareva, Mariya - In: Applied economics 52 (2020) 45, pp. 4900-4912

Persistent link: https://www.econbiz.de/10012306516

Payment instruments and collateral in the interbank payment system

Tomura, Hajime - In: Journal of economic theory 178 (2018), pp. 82-104

Persistent link: https://www.econbiz.de/10012026356

CBDC and the operational framework of monetary policy

Abad, Jorge; Nuño, Galo; Thomas, Carlos - 2024

Persistent link: https://www.econbiz.de/10014512326

CBDC and the operational framework of monetary policy

Abad, Jorge; Nuño, Galo; Thomas, Carlos - 2024

We analyze the impact of introducing a central bank-issued digital currency (CBDC) on the operational framework of monetary policy and the macroeconomy as a whole. To this end, we develop a New Keynesian model with heterogeneous banks, a frictional interbank market, a central bank with deposit...

Persistent link: https://www.econbiz.de/10014456296

CBDC and the operational framework of monetary policy

Abad, Jorge; Nuño, Galo; Thomas, Carlos - 2024

Persistent link: https://www.econbiz.de/10014456302

Frictions in the interbank market and uncertain liquidity needs : implications for monetary policy implementation

Bucher, Monika; Hauck, Achim; Neyer, Ulrike - 2014

This paper shows that depending on the distribution of banks' uncertain liquidity needs and on how monetary policy is implemented, frictions in the interbank market may reinforce the effectiveness of monetary policy. The frictions imply that with its lending and deposit facilities the central...

Persistent link: https://www.econbiz.de/10010252806