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dc.contributor.authorPasche, Markusen
dc.date.accessioned2010-11-03-
dc.date.accessioned2012-04-11T09:31:55Z-
dc.date.available2012-04-11T09:31:55Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aFriedrich Schiller University Jena and Max Planck Institute of Economics |cJenaen
dc.relation.ispartofseries|aJena Economic Research Papers |x2010,070en
dc.subject.jelE43en
dc.subject.jelE58en
dc.subject.jelG21en
dc.subject.ddc330en
dc.subject.keywordbanking firmen
dc.subject.keywordbalance sheeten
dc.subject.keywordinterbank marketen
dc.subject.keywordborrowed reservesen
dc.subject.keywordcentral bankingen
dc.subject.keywordliquidityen
dc.subject.keywordtransmissionen
dc.subject.stwGeldmarkten
dc.subject.stwMikroökonomische Fundierungen
dc.subject.stwGeldpolitiken
dc.subject.stwBankenliquiditäten
dc.subject.stwTransmissionsmechanismusen
dc.subject.stwTheorieen
dc.titleInterbank lending and the demand for central bank loans: A simple microfoundation-
dc.typeWorking Paperen
dc.identifier.ppn638480914en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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