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management. By contrast, MVM remained fully state-owned, in spite of the partial privatisation in 1996. The electricity company …
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management. By contrast, MVM remained fully state-owned, in spite of the partial privatisation in 1996. The electricity company …
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This paper presents a model of the optimal bidding behaviour of a single bank in the context of fixed rate liquidity … tenders. Banks’ bidding is shown to depend crucially on the central bank’s liquidity policy as regards tender allotments. The …
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