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Standing facilities and interbank borrowing: evidence from the federal reserve’s new discount windowStanding facilities are designed to place an upper bound on the rates at which financial institutions lend to one another overnight, reducing the volatility of the overnight interest...
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A structural model of central bank operations and bank intermediation... The model also allows understanding the link between this difference (the width of the central bank standing facilities corridor) and the stance of monetary policy, and how this link changes during a financial crisis....
Asymmetric standing facilities: anThis paper analyzes the role of standing facilities in the determination of the demand for reserves in the overnight money market....
The optimal width of the central bank standing facilities corridor and banks' day-to-day liquidity managementContaining short-term volatility of the overnight interest rate is normally considered the main objective of central bank standing facilities....
Standing facilities versus open market operations: equivalence results... In this paper we compare two mechanisms for implementing monetary policy: standing facilities and open market operations....
institutions financières et crédit - iate.europa.eu


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