Browsing Robert Schuman Centre for Advanced Studies (RSCAS) by Subject "G18"

DSpace/Manakin Repository

Browsing Robert Schuman Centre for Advanced Studies (RSCAS) by Subject "G18"

Sort by: Order: Results:

  • Icon
    Title: Interbank Market Liquidity and Central Bank Intervention  Author(s): ALLEN, Franklin; CARLETTI, Elena; GALE, Douglas Date: 2009 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: We develop a simple model of the interbank market where banks trade a long term, safe asset. We show that when there is a lack of opportunities for banks to hedge aggregate and idiosyncratic liquidity shocks, the interbank ...