Over the last few decades, most central banks, concerned about settlement risks inherent in payment netting systems …, they require greater liquidity to smooth nonsynchronized payment flows. Thus, central banks typically provide intraday … intraday liquidity is managed has become a competitive parameter in commercial banking and a policy concern of central banks …

some prespecified event occurs. LSMs can reduce the amount of central bank balances necessary to operate a payments system …

’s discount window borrowing facility represent a shift in how the nation’s central bank traditionally provided liquidity through … at "Central Bank Liquidity Tools and Perspectives on Regulatory Reform" a conference sponsored by the Federal Reserve …

financial developments for the “lender-of-last-resort” function of central banks and whether traditional policymaking tools … remain effective in the face of modern liquidity crises. Presented at "Central Bank Liquidity Tools and Perspectives on …

Many central banks implement monetary policy in a way that maintains a tight link between the stock of money and the … tensions. The authors explain how this approach, in which the central bank pays interest on reserves at the target interest …

The author presents an analytical framework for the formulation of a central bank policy rule and examines some … conceptual issues relating to the current debate over the effectiveness of such rules. In discussing the move by many central … banks to adopt a price-level or inflation rate target--the basis for one type of rule--he suggests that central banks are …

establishing temporary reciprocal currency swap lines, or facilities, with foreign central banks designed to ameliorate dollar … abroad and stresses in the money markets. Furthermore, the facilities have been an integral part of the central bank toolbox …

Many central banks have come to rely on dynamic stochastic general equilibrium, or DSGE, models to inform their … consistent with the increasing focus on the pronouncements of central bankers regarding their future actions. …