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dc.contributor.authorPasche, Markusen_US
dc.date.accessioned2010-11-03en_US
dc.date.accessioned2012-04-11T09:31:55Z-
dc.date.available2012-04-11T09:31:55Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/56927-
dc.description.abstractThe paper presents a simple model of banking behavior where portfolio, liquidity, and liability management determine simultaneously the demand and supply of borrowed reserves on the interbank market. As the central bank is one player in this market due to its refinancing policy, it is able to determine the interest rate and henceforth the residual demand for central bank loans. Comparative static analysis shows how external or monetary policy shocks affect the behavior on the interbank market, the volume as well as the structure of the bank's balance sheet. It turns out that the banking firm behavior is non-linear and partially non-monotonous, indicating that the transmission of monetary measures is more complex when endogeneous banking behavior is taken into account.en_US
dc.language.isoengen_US
dc.publisherUniv. [u.a.] Jenaen_US
dc.relation.ispartofseriesJena economic research papers 2010,070en_US
dc.subject.jelE43en_US
dc.subject.jelE58en_US
dc.subject.jelG21en_US
dc.subject.ddc330en_US
dc.subject.keywordbanking firmen_US
dc.subject.keywordbalance sheeten_US
dc.subject.keywordinterbank marketen_US
dc.subject.keywordborrowed reservesen_US
dc.subject.keywordcentral bankingen_US
dc.subject.keywordliquidityen_US
dc.subject.keywordtransmissionen_US
dc.subject.stwGeldmarkten_US
dc.subject.stwMikroökonomische Fundierungen_US
dc.subject.stwGeldpolitiken_US
dc.subject.stwBankenliquiditäten_US
dc.subject.stwTransmissionsmechanismusen_US
dc.subject.stwTheorieen_US
dc.titleInterbank lending and the demand for central bank loans: A simple microfoundationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn638480914en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Jena Economic Research Papers, MPI für Ökonomik

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