Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/60726 
Full metadata record
DC FieldValueLanguage
dc.contributor.authorAfonso, Garaen
dc.contributor.authorLagos, Ricardoen
dc.date.accessioned2012-05-02-
dc.date.accessioned2012-08-17T14:31:54Z-
dc.date.available2012-08-17T14:31:54Z-
dc.date.issued2012-
dc.identifier.urihttp://hdl.handle.net/10419/60726-
dc.description.abstractWe use minute-by-minute daily transaction-level payments data to document the crosssectional and time-series behavior of the estimated prices and quantities negotiated by commercial banks in the fed funds market. We study the frequency and volume of trade, the size distribution of loans, the distribution of bilateral fed funds rates, and the intraday dynamics of the reserve balances held by commercial banks. We fi nd evidence of the importance of the liquidity provision achieved by commercial banks that act as de facto intermediaries of fed funds.en
dc.language.isoengen
dc.publisher|aFederal Reserve Bank of New York |cNew York, NYen
dc.relation.ispartofseries|aStaff Report |x550en
dc.subject.jelE42en
dc.subject.jelE44en
dc.subject.jelG21en
dc.subject.ddc330en
dc.subject.keywordmonetary policyen
dc.subject.keywordfed funds marketen
dc.subject.keywordfed funds rateen
dc.titleAn empirical study of trade dynamics in the fed funds market-
dc.typeWorking Paperen
dc.identifier.ppn715003755en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.