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

DOI10.1016/J.JET.2015.08.007zbMATH Open1369.91132OpenAlexW1427929501MaRDI QIDQ282146FDOQ282146

Authors: Cyril Monnet, Morten 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

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zbMATH Keywords

interbank marketmonetary policy implementationunconventional monetary policy

Mathematics Subject Classification ID

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

Cites Work

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

Cited In (13)

• Interbank market friction-induced holdings of precautionary liquidity: implications for bank loan supply and monetary policy implementation
• Asset prices and standing facilities in a monetary economy
• 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
• Search-based models of money and finance: an integrated approach
• Payment instruments and collateral in the interbank payment system
• The effect of the central bank's standing facilities on interbank lending and bank liquidity holding
• A Leviathan central bank: modeling seigniorage in a money search model
• Banks, liquidity management, and monetary policy
• Trade dynamics in the market for federal funds
• Il mercto interbancario dei depositi: Previsione a breve e gestione della riserva obbligatoria
• LIQUIDITY, INTERBANK MARKET, AND THE SUPERVISORY ROLE OF THE CENTRAL BANK
• Interbank loans, collateral and modern monetary policy

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