The Daily Market for Funds in Europe: Has Something Changed with the EMU

G.P. Quiro and Hugo Rodriguez Mendizabal

Working Papers from Quebec a Montreal - Recherche en gestion

Abstract: This paper presents evidence that the existence of deposit and lending facilities combined with an averaging provision for the reserve requirement are powerful tools to stabilize the overnight rate.

Keywords: MONETARY POLICY; BANKS (search for similar items in EconPapers)
JEL-codes: E44 E52 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2001
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Citations: View citations in EconPapers (15)

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Working Paper: The daily market for funds in Europe: Has something changed with the EMU? (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:uqamge:67

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