Varga, Lóránt - In: MNB Bulletin 5 (2010) 3, pp. 57-66
degree, unexpected short-term liquidity impacts they may be exposed to. Thus, banks are less dependent on overnight central … credit institutions' liquidity management by the monthly averaging mechanism and to thereby contribute to narrowing the gap … bank deposits and loans, which, however suitable for managing unexpected liquidity impacts, are known to divert interbank …