A search-based model of the interbank money market and monetary policy implementation

DOI10.1016/J.JET.2015.08.007zbMath1369.91132OpenAlexW1427929501MaRDI QIDQ282146

Cyril Monnet, Morten L. Bech

Publication date: 12 May 2016

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: http://www.bis.org/publ/work529.htm

zbMATH Keywords

interbank marketmonetary policy implementationunconventional monetary policy

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Related Items (4)

A search-based model of the interbank money market and monetary policy implementation ⋮ Payment instruments and collateral in the interbank payment system ⋮ Winter is possibly not coming: mitigating financial instability in an agent-based model with interbank market ⋮ Interbank market friction-induced holdings of precautionary liquidity: implications for bank loan supply and monetary policy implementation

Cites Work

• A search-based model of the interbank money market and monetary policy implementation
• Multiple equilibrium overnight rates in a dynamic interbank market game
• A table of normal integrals
• Trade Dynamics in the Market for Federal Funds

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