Ewerhart, Christian; Cassola, Nuno; Ejerskov, Steen; … - 2004
WORKING PAPER SERIES
NO. 378 / JULY 2004
LIQUIDITY,
INFORMATION, AND
THE OVERNIGHT RATE
by Christian Ewerhart,
Nuno ….
WORKING PAPER SERIES
NO. 378 / JULY 2004
LIQUIDITY,
INFORMATION, AND
THE OVERNIGHT RATE
1
by Christian Ewerhart
2
,
Nuno … unsophisticated bank just trades to compensate its liquidity
imbalance, while a sophisticated bank will exploit its private …