Multiple equilibrium overnight rates in a dynamic interbank market game /

Multiple equilibrium overnight rates in a dynamic interbank market game /

We analyse a two period model of the interbank market, i.e. the market at which banks trade liquidity. We assume that banks do not take the inter- bank interest rate as given, but multilaterally negotiate on interest rates and transaction volumes. The solution concept applied is the Shapley value. W...

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Bibliographic Details
Main Author: Tapking, Jens
Format: eBook
Language:English
Published: Deutsche Bundesbank, Frankfurt am Main : 2003
Series:Discussion paper (Deutsche Bundesbank) Series 1: Studies of the Economic Research Centre no. 04/03
Subjects:
BANCOS
TIPO DE INTERES
OPERACIONES BANCARIAS
Online Access:https://www.econstor.eu/bitstream/10419/19590/1/200304dkp.pdf

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