Why does overnight liquidity cost more than intraday liquidity?

DOI10.1016/J.JEDC.2008.12.001zbMath1176.91112OpenAlexW3124772971MaRDI QIDQ1042348

Joseph H. Haslag, Antoine Martin, Joydeep Bhattacharya

Publication date: 7 December 2009

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: http://www2.econ.iastate.edu/papers/p1760-2007-03-20.pdf

zbMATH Keywords

monetary policyFriedman ruleintraday liquidityovernight liquidityrandom-relocation models

Mathematics Subject Classification ID

Stochastic models in economics (91B70)

Related Items (1)

Central bank haircut policy

Cites Work

• Sub-optimality of the Friedman rule in Townsend's turnpike and stochastic relocation models of money: do finite lives and initial dates matter?
• Money, banking, and capital formation
• The intraday liquidity management game
• USEFULNESS OF THE CONSTRAINED PLANNING PROBLEM IN A MODEL OF MONEY
• Optimal Indirect and Capital Taxation
• DISCOUNT WINDOW POLICY, BANKING CRISES, AND INDETERMINACY OF EQUILIBRIUM

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