Discussion Paper

Dynamics of Overnight Money Markets: What Has Changed at the Zero Lower Bound?


Abstract: In this note we provide a comparative analysis of overnight money market dynamics before the crisis and after the target federal funds rate (FFR) has been lowered to the zero lower bound (ZLB).

https://doi.org/10.17016/2380-7172.1676

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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2015-12-21

Number: 2015-12-21