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Persistent link: https://www.econbiz.de/10003344081
We analyse a two period model of the interbank market, i.e. the market at which banks trade liquidity. We assume that banks do not take the interbank interest rate as given, but multilaterally negotiate on interest rates and transaction volumes. The solution concept applied is the Shapley value....
Persistent link: https://www.econbiz.de/10011431995
We analyse a two period model of the interbank market, i.e. the market at which banks trade liquidity. We assume that banks do not take the inter- bank interest rate as given, but multilaterally negotiate on interest rates and transaction volumes. The solution concept applied is the Shapley...
Persistent link: https://www.econbiz.de/10001746431
Persistent link: https://www.econbiz.de/10012991385