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The optimal width of the central bank standing facilities corridor and banks' day-to-day liquidity management

Bindseil, Ulrich; Jabłecki, Juliusz - 2011

Containing short-term volatility of the overnight interest rate is normally considered the main objective of central bank standing facilities. This paper develops a simple stochastic model to show how the width of the central bank standing facilities corridor affects banks' day-to-day liquidity...

Persistent link: https://www.econbiz.de/10009160012

Equilibrium bidding in the eurosystem's open market operations

Bindseil, Ulrich - 2002

Persistent link: https://www.econbiz.de/10001670906

Excess reserves and the implementation of monetary policy of the ECB

Bindseil, Ulrich (contributor) - 2004

Persistent link: https://www.econbiz.de/10002125168

The operational target of monetary policy and the rise and fall of reserve position doctrine

Bindseil, Ulrich (contributor) - 2004

Persistent link: https://www.econbiz.de/10002233649

A structural model of central bank operations and bank intermediation

Bindseil, Ulrich; Jabłecki, Juliusz - 2011

The banking system is modeled in a closed system of financial accounts, whereby the equilibrium volume of bank intermediation between households and corporates reflects structural parameters such as household preferences, comparative cost structures of heterogeneous banks, loan demand of...

Persistent link: https://www.econbiz.de/10008935835

Central bank liquidity provision, risk-taking and economic efficiency

Bindseil, Ulrich; Jabłecki, Juliusz - 2013

Persistent link: https://www.econbiz.de/10009766427

Near-rational exuberance

Bullard, James Brian (contributor); … - 2005

We study how the use of judgement or add-factorsʺ in macroeconomic forecasting may disturb the set of equilibrium outcomes when agents learn using recursive methods. We isolate conditions under which new phenomena, which we call exuberance equilibria, can exist in standard macroeconomic...

Persistent link: https://www.econbiz.de/10003209153

Liquidity traps, learning and stagnation

Evans, George W.; Guse, Eran; Honkapohja, Seppo - In: European economic review : EER 52 (2008) 8, pp. 1438-1463

Persistent link: https://www.econbiz.de/10003804541

Dual liquidity crises under alternative monetary frameworks : a financial accounts perspective

Bindseil, Ulrich; Winkler, Adalbert - 2012

Persistent link: https://www.econbiz.de/10009765962

Expectations and the stability problem for optimal monetary policies

Evans, George W.; Honkapohja, Seppo - 2000

Eine auf den Fundamentaldaten beruhende Regelbindung der Geldpolitik ohne Selbstverpflichtung, die bei vollkommen … geeigneter Weise in die optimale Geldpolitik einbezogen werden. Diese eindeutige Schlußfolgerung gilt auch dann, wenn sich der … wichtig es ist, die Geldpolitik angemessen zu gestalten und dabei nicht nur die Fundamentaldaten, sondern auch direkt die …

Persistent link: https://www.econbiz.de/10011418901