Ewerhart, Christian; Cassola, Nuno; Ejerskov, Steen; … - 2003
" benchmark allotment rule, with the effect of not alleviating a temporary liquidity shortage in the banking system.
This is … the present paper, we show that when the monetary authority cares for both liquidity and interest rate conditions, the … threshold level for the accumulated aggregate liquidity position in the banking system prior to the last operation in a given …