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...
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: | |
Online Access: | https://www.econstor.eu/bitstream/10419/19590/1/200304dkp.pdf |
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