2024-03-28T17:34:06Zhttps://repositorio.bde.es/oai/requestoai:repositorio.bde.es:123456789/70192023-06-08T12:34:24Zcom_123456789_5661com_123456789_21col_123456789_5687
Asymmetric standing facilities : an unexploited monetary policy tool
Pérez Quirós, Gabriel
Rodríguez Mendizábal, Hugo
Monetary policy implementation
Standing facilities
Overnight interest rates
Finetuning operations
This paper analyzes the role of standing facilities in the determination of the demand for reserves in the overnight money market. In particular, we study how the asymmetric nature of the deposit and lending facilities could be used as a powerful policy tool for the simultaneous control of prices and quantities in the market for daily funds
2010-03-08
Documento de trabajo
ISSN: 0213-2710 (en papel)
ISSN: 1579-8666 (en línea)
https://repositorio.bde.es/handle/123456789/7019
eng
Documentos de Trabajo / Banco de España, 1004
https://creativecommons.org/licenses/by-nc-sa/4.0/deed.es_ES
http://rightsstatements.org/vocab/InC-NC/1.0/
Reconocimiento-NoComercial-CompartirIgual 4.0 Internacional (CC BY-NC-SA 4.0)
In Copyright - Non Commercial Use Permitted
Zona euro
Banco de España
Madrid : Banco de España, 2010