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Management of banking system liquidity in the Czech Republic

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Open Market Operations and the Price of Liquidity : The Case of the Czech Republic between 1998 and 2004

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Effective monetary policy depends on the ability of central banks to stabilize fluctuations of overnight interest rates around their policy rate. The function of the stabilization mechanism involves balancing aggregate bank demand for reserves with the central bank's supply of reserves in the...

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Inflation targeting and variability of money market interest rates under a zero lower bound

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The central banks' ability to control variability of money market interest rates : the case of inflation targeting countries

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