Recent developments in the sterling overnight money market
Christopher Jackson and
Mathew Sim ()
Additional contact information
Mathew Sim: Bank of England
Bank of England Quarterly Bulletin, 2013, vol. 53, issue 3, 223-233
Abstract:
The sterling overnight money market plays an important role in the implementation of monetary policy. This article examines developments in this market since the peak of the financial crisis. Developments over this period include a fall in unsecured turnover and increasing use of secured transactions in overnight money markets. These trends have been driven by a number of factors, including perceptions of bank credit and liquidity risk, developments in the Bank’s operational framework, liquidity regulation and changes to banks’ business models. While some of these developments could be expected to unwind, other factors, such as the impact of new international liquidity regulation, are likely to persist in the longer term.
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)
Downloads: (external link)
https://www.bankofengland.co.uk/-/media/boe/files/ ... 8E3ABB32DC2765AAE081 Full text (application/pdf)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:boe:qbullt:0112
Access Statistics for this article
Bank of England Quarterly Bulletin is currently edited by Lindsey Fowler
More articles in Bank of England Quarterly Bulletin from Bank of England Publications Group Bank of England Threadneedle Street London EC2R 8AH. Contact information at EDIRC.
Bibliographic data for series maintained by Publications Group ().