This paper investigates the efficiency of various monetary policy instruments to stabilize asset prices in a liquidity … dynamics. Increasing the supply of reserves reduces liquidity risk in the traditional banking sector, but fails to reach the …

borrowings. Once fragmentation is introduced into standard theoretical models of monetary policy implementation, excess liquidity …

We develop a model in which financial intermediaries hold liquidity to protect themselves from shocks. Depending on … parameter values, banks may choose to hold too much or too little liquidity on aggregate compared with the socially optimal … underinsurance against liquidity choice. The model therefore provides a unified framework for thinking, on the one hand, about policy …

Interbankenmarkt zugreifen, tun sie dies indirekt durch die übergeordneten Institute ihres jeweiligen Girosystems, d.h. des …

liquidity conditions in the domestic banking system in Nigeria. Within the context of this prognosis, the study tests the … bias in the specification of the model and the empirical estimation. The study found the existence of a stable long run … ameliorate adverse liquidity conditions and the lingering effects of the global financial crises occasioned a structural break in …