Banks, Liquidity Management and Monetary Policy
收藏NBER2014-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w20490
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We develop a tractable model of banks' liquidity management and the credit channel of monetary policy. Banks finance loans by issuing demand deposits. Loans are illiquid, and transfers of deposits across banks must be settled with reserves in a frictional over the counter market. To mitigate the
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美国国家经济研究局创建时间：
2014-09-01
