2007 | OriginalPaper | Chapter
Base Model: Banks’ Liquidity Management and Interbank Market Equilibrium
Published in: The Design of the Eurosystem’s Monetary Policy Instruments
Publisher: Physica-Verlag HD
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The aim of this chapter is twofold. First, we will introduce in a rather simple framework the basic structure of the theoretical models presented in this work. Second, we will present a key result of this work by providing the rationale behind the existence of the interbank money market.