Interbank loans, collateral and modern monetary policy

DOI10.1016/J.JEDC.2016.10.002MaRDI QIDQ1656472zbMATH OpenOpenAlexFDO

Authors Marcin Wolski, Michiel van de Leur

Publication date 10 August 2018

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://www.ecb.europa.eu//pub/pdf/scpwps/ecbwp1959.en.pdf

zbMATH Keywords

agent-based modelscollateralinterbank lendingnetworks

Mathematics Subject Classification ID

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

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Cites work

• A Simplex Method for Function Minimization
• Authoritative sources in a hyperlinked environment
• Bargaining under Incomplete Information
• Central bank haircut policy
• Leveraged network-based financial accelerator
• Macroeconomics from the bottom-up
• Modelling the emergence of the interbank networks
• Network models and financial stability
• Prices, debt and market structure in an agent-based model of the financial market
• Quantifying preferential trading in the e-MID interbank market
• Social and economic networks.
• The heterogeneous expectations hypothesis: Some evidence from the lab
• The multiplex structure of interbank networks

Cited in

(12)

• Modeling loss-propagation in the global supply network: the dynamic agent-based model acclimate
• The effects of interbank networks on efficiency and stability in a macroeconomic agent-based model
• The federal funds market, excess reserves, and unconventional monetary policy
• Interbank markets and bank bailout policies amid a sovereign debt crisis
• The impacts of interest rates on banks' loan portfolio risk-taking
• Winter is possibly not coming: mitigating financial instability in an agent-based model with interbank market
• A search-based model of the interbank money market and monetary policy implementation
• Imperfect interbank markets and the lender of last resort
• Collateral in banking policy: on the possibility of signaling
• Lending Relationships and Optimal Monetary Policy
• Interbank decisions and margins of stability: an agent-based stock-flow consistent approach
• Interactions between monetary and macroprudential policies

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