Borradores de Economia
Número:
790
Publicado:
Clasificación JEL:
E44, E52, G21
Palabras clave:
Interbank Market; Overnight Rates; Reserve Demand
Lo más reciente
Juan Esteban Carranza-Romero, Alejandra González-Ramírez, Mauricio Villamizar-Villegas
Hernán Rincón-Castro, Steven Zapata-Álvarez
We set a dynamic stochastic model for the interbank daily market forfunds in Colombia. The framework features exogenous reserve requirements and requirement period, competitive trading among heterogeneouscommercial banks, daily open market operations held