interbank markets. Money markets enable banks to engage in risk-sharing against liquidity shocks and are sensitive to global … liquidity shocks to EMs as compared to benchmark short-term bond yields. Next, we disentangle the transmission into its various … of macro-prudential policy like reserve requirements can help alleviate liquidity shocks to the EM banking system …

This paper discusses commercial banks’ demand for central bank reserves under two alternative monetary policy framework … configurations, namely: (i) an interest rate corridor system with scarce liquidity, and (ii) a floor system with ample liquidity. It …. Additionally, the demand for reserves may have increased endogenously, as the environment of ample liquidity conditions has …

monetary policy activities of a central bank and the liquidity management of banks considering the main characteristics and … monetary policy activities of a central bank and the liquidity management of banks considering the main characteristics and … institutional features of the euro area. Main results of this analysis are that different costs of obtaining liquidity directly from …