| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w20419 |
| 来源ID | Working Paper 20419 |
| Trade Dynamics in the Market for Federal Funds | |
| Gara Afonso; Ricardo Lagos | |
| 发表日期 | 2014-08-28 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | We develop a model of the market for federal funds that explicitly accounts for its two distinctive features: banks have to search for a suitable counterparty, and once they meet, both parties negotiate the size of the loan and the repayment. The theory is used to answer a number of positive and normative questions: What are the determinants of the fed funds rate? How does the market reallocate funds? Is the market able to achieve an efficient reallocation of funds? We also use the model for theoretical and quantitative analyses of policy issues facing modern central banks. |
| 主题 | Macroeconomics ; Money and Interest Rates ; Monetary Policy ; Financial Economics ; Financial Institutions |
| URL | https://www.nber.org/papers/w20419 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578093 |
| 推荐引用方式 GB/T 7714 | Gara Afonso,Ricardo Lagos. Trade Dynamics in the Market for Federal Funds. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Gara Afonso]的文章 |
| [Ricardo Lagos]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Gara Afonso]的文章 |
| [Ricardo Lagos]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Gara Afonso]的文章 |
| [Ricardo Lagos]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
