The Impact of Unconventional Monetary Policy on the Overnight Interbank Market
Morten L. Bech, Cyril Monnet
Abstract
Open-access reader
Morten L. Bech, Cyril Monnet
Abstract
Open-access reader
interbank market; reserves; unconventional monetary policy; interest rates; credit risk; open market
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interbank market; reserves; unconventional monetary policy; interest rates; credit risk; open market
Key concepts: Monetary policy, Collateral, Market liquidity, Open market operation, Interest rate, Financial system, Interbank lending market, Quantitative easing