Similar Search Results

Are larger treasury issues more liquid? : Evidence from bill reopenings

Fleming, Michael J. (contributor) - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001656398

Financial market implications of the Federal debt paydown

Fleming, Michael J. (contributor) - 2001 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001589547

Measuring treasury market liquidity

Fleming, Michael J. (contributor) - 2001 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001590059

Intermediate targets and indicators for monetary policy : a critical survey

1990

Persistent link: https://www.econbiz.de/10000838778

The execution of monetary policy : a tale of two central banks

Bartolini, Leonardo (contributor); … - 2003 - [Elektronische Ressource]

The Eurosystem and the U.S. Federal Reserve System follow quite different approaches to the execution of monetary policy. The former institution adopts a "hands-off" approach that largely delegates to depository institutions the task of stabilizing their own liquidity at high frequency. The...

Persistent link: https://www.econbiz.de/10001752004

Anomalous bidding in short-term treasury bill auctions

Fleming, Michael J. (contributor); … - 2004 - [Elektronische Ressource]

We show that Treasury bill auction procedures create classes of price-equivalent discount rates for bills with fewer than seventy-two days to maturity. We argue that it is inefficient for market participants to bid at a discount rate that is not the minimum rate in its class. The inefficiency of...

Persistent link: https://www.econbiz.de/10002101530

The overnight interbank market : evidence from the G-7 and the euro zone

Prati, Alessandro (contributor); … - 2001 - [Elektronische Ressource]

This study of the major industrial countries' interbank markets for overnight loans links the behavior of very short-term interest rates to the operating procedures of the countries' central banks. Previous studies have focused on key features of the U.S. federal funds rate's behavior. We find...

Persistent link: https://www.econbiz.de/10001630855

Day-to-day monetary policy and the volatility of the federal funds interest rate

Bartolini, Leonardo (contributor); … - 2000 - [Elektronische Ressource]

"We propose a model of the interbank money market with an explicit role for central bank intervention and periodic reserve requirements, and study the interaction of profit-maximizing banks with a central bank targeting interest rates at high frequency. The model yields predictions on biweekly...

Persistent link: https://www.econbiz.de/10001512198

Clearance and settlement in U.S. securities markets

Staffs; Governors, Board of - Federal Reserve Bank of New York - In: Federal Reserve Bulletin (1992) Mar, pp. 182-184

Persistent link: https://www.econbiz.de/10005386919

Estimating the impacts of U.S. LSAPs on emerging market economies’ local currency bond markets

Moore, Jeffrey; Nam, Sunwoo; Suh, Myeongguk; Tepper, … - Federal Reserve Bank of New York - 2013

.S. government bond yields to long-term EME bond yields. Using panel data from a broad array of EMEs, our empirical estimates suggest … ownership share of emerging market debt. This, in turn, is estimated to reduce government bond yields in EMEs by approximately 1 … reductions in longer-term EME government bond yields. These effects are qualitatively similar to conventional U.S. monetary …

Persistent link: https://www.econbiz.de/10010607623

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