The effect of the central bank's standing facilities on interbank lending and bank liquidity holding

DOI10.1007/S00199-018-1134-8MaRDI QIDQ2294115zbMATH OpenOpenAlexWikidataFDO

Authors Maria Näther

Publication date 10 February 2020

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00199-018-1134-8

zbMATH Keywords

interbank marketliquidity holdingstanding facilities

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Credit risk (91G40) Financial networks (including contagion, systemic risk, regulation) (91G45)

Recommendations

• Interbank market friction-induced holdings of precautionary liquidity: implications for bank loan supply and monetary policy implementation
• LIQUIDITY, INTERBANK MARKET, AND THE SUPERVISORY ROLE OF THE CENTRAL BANK
• Banks, liquidity management, and monetary policy
• Interbank borrowing and lending between financially constrained banks
• A search-based model of the interbank money market and monetary policy implementation

Cites work

• Ambiguity aversion and trade
• Crises and liquidity in over-the-counter markets
• Liquidity and asset prices in rational expectations equilibrium with ambiguous information
• Liquidity provision vs. deposit insurance: preventing bank panics without moral hazard
• Optimal banking contracts and financial fragility
• Savings and default

Cited in

(4)

• Interbank market friction-induced holdings of precautionary liquidity: implications for bank loan supply and monetary policy implementation
• Interbank borrowing and lending between financially constrained banks
• Optimal liquidity policy with shadow banking
• LIQUIDITY, INTERBANK MARKET, AND THE SUPERVISORY ROLE OF THE CENTRAL BANK

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