Search Results

No results found.

(refine search)
SORT BY: PREVIOUS / NEXT
Author:Breton, Régis 

Report
Interbank market and central bank policy

We develop a model in which financial intermediaries hold liquidity to protect themselves from shocks. Depending on parameter values, banks may choose to hold too much or too little liquidity on aggregate compared with the socially optimal amount. The model endogenously generates a situation of cash hoarding, leading to the associated market freezes or underinsurance against liquidity choice. The model therefore provides a unified framework for thinking, on the one hand, about policy measures that can reduce hoarding of cash by banks and, on the other hand, about liquidity requirements of the ...
Staff Reports , Paper 763

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

Report 1 items

FILTER BY Author

FILTER BY Jel Classification

E58 1 items

G21 1 items

G28 1 items

PREVIOUS / NEXT