Carletti, Elena; Hartmann, Philipp; Spagnolo, Giancarlo - Center for Financial Studies - 2006
distribution of liquidity shocks and creates an internal money market, leading to financial cost efficiencies and more precise …, Bank Reserves, Internal Money Market, Banking
System Liquidity, Monetary Operations
1 Introduction
The last decade has … market.
“With this opening the influence of the main banks on the conditions in the money market was reduced.
Their share of …