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Digital
Library of the European Council for Modelling and Simulation |
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Title: |
What Is The Best Way To Help?
Central Bank Strategies And The Interbank Market |
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Authors: |
Gabor
Kuerthy, Agnes Vidovics-Dancs,
Janos Szaz, Peter Juhasz |
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Published in:
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2020). ECMS 2020 Proceedings
Edited by: Mike Steglich, Christian Muller, Gaby
Neumann, Mathias Walther, European Council for Modeling and Simulation. DOI: http://doi.org/10.7148/2020 ISSN:
2522-2422 (ONLINE) ISSN:
2522-2414 (PRINT) ISSN:
2522-2430 (CD-ROM) ISBN: 978-3-937436-68-5 Communications of the ECMS , Volume 34, Issue 1, June 2020, United Kingdom |
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Citation
format: |
Gabor Kuerthy,
Agnes Vidovics-Dancs, Janos Szaz,
Peter Juhasz (2020). What Is The Best Way To Help?
Central Bank Strategies And The Interbank Market,
ECMS 2020 Proceedings Edited By: Mike Steglich,
Christian Mueller, Gaby Neumann, Mathias Walther European Council for
Modeling and Simulation. doi:
10.7148/2020-0084 |
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DOI: |
https://doi.org/10.7148/2020-0084 |
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Abstract: |
The paper
proposes an analytical framework for addressing liquidity problems in cases
where the expected value of the liquidity flow is zero, but negative
deviations from the normal liquidity stance can trigger crises. Crises can be
avoided by effectively signalling the temporary
nature of the problem with the help of a central counterparty. The
theoretical models and the numerical evaluations apply to the interbank
market; however, the framework can also support the analysis of similar
problems such as international payments or corporate liquidity. |
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text: |
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