BoE paper offers framework for exploring impact of regulation on interbank lending
Central banks should consider effects of regulation on overnight loans, BoE paper argues
A working paper published by the Bank of England offers a framework for exploring the potential impact of capital regulation on overnight interbank lending, under a corridor system for monetary policy.
In A heterogeneous agent model for assessing the effects of capital regulation on the interbank money market under a corridor system, Christopher Jackson and Joseph Noss say the structure and dynamics of money markets have changed significantly in recent years. With these changes, they say, have
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