Bank Liquidity, Interbank Markets, and Monetary Policy

A lesson of the recent financial crisis is that the interbank market is crucial for banks facing uncertainty regarding their liquidity needs. This article studies the efficiency of the interbank market in allocating funds. We show that the central bank should lower the interbank rate when confronted...

Ausführliche Beschreibung

Gespeichert in:

Bibliographische Detailangaben
Veröffentlicht in:	The Review of financial studies 2011-08, Vol.24 (8), p.2656-2692
Hauptverfasser:	Freixas, Xavier, Martin, Antoine, Skeie, David
Format:	Artikel
Sprache:	eng
Schlagworte:	Bank assets Bank liquidity Bank loans Bank management Bank markets Bank operations Banking crises Banking system Central banks Commercial banks Economic crisis Federal Reserve Bank Financial services Interest rate risk Interest rates Market equilibrium Monetary policy Money market Studies
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!

Schreiben Sie den ersten Kommentar!