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Mercato monetario, banche e nuove procedure di controllo della banca centrale

Moneta e Credito

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Title Mercato monetario, banche e nuove procedure di controllo della banca centrale
 
Creator Marinelli, Maria Luisa
 
Subject

E51, E52
 
Description Does central bank keep the control of bank deposits and bank rates by influ-encing the very short interest rate (overnight) on the money market? The article focuses on liquidity management under two different bank ap-proaches. If bank is a creator of deposits, bank liquidity management influences bank rates, but deposits (money) tend to become endogenous. While, if bank operates as intermediary among competitive markets, either bank rates or deposits are endogenously determined, and monetary rates become the price that equilibrate banking activity. Official rate adjustments have only the function of signalling the new range of equilibrating rates to banking operators.  JEL Codes: E51, E52 
 
Publisher Associazione Economia civile
 
Contributor
 
Date 2012-04-19
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Articolo peer-review
 
Format application/pdf
 
Identifier http://ojs.uniroma1.it/index.php/monetaecredito/article/view/9721
 
Source Moneta e Credito; Vol 52, N° 208 (1999)
Moneta e Credito; Vol 52, N° 208 (1999)
2037-3651
 
Language ita
 
Relation http://ojs.uniroma1.it/index.php/monetaecredito/article/view/9721/9607
 
Rights Copyright (c) 2016 Maria Luisa Marinelli
http://creativecommons.org/licenses/by-nc-nd/4.0