Payment obligations, reserve requirements, and the demand for central bank balances

Journal of Monetary Economics

Volumn 50, Issue 2, 2003, Pages 419-432

  Heller, Daniel ^a   Lengwiler, Yvan ^b  

^a SWISS NATIONAL BANK   (Switzerland)

^b UNIVERSITY OF BASEL   (Switzerland)

Author keywords

Bank behavior; Payment systems; Reserve requirements

Indexed keywords

EID: 0037345339     PISSN: 03043932     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0304-3932(03)00011-4     Document Type: Article

References (8)

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3. Bank for International Settlements, 1997. Real-Time Gross Settlement Systems. BIS, Basel.
4. Furfine, C., 2000. Interbank payments and the daily federal funds rate. Journal of Monetary Economics, 46(2), 535-553.
5. Furfine, C., Stehm, J., 1998. Analyzing alternative intraday credit policies in real-time gross settlement systems. Journal of Money, Credit, and Banking, 30(4), 832-848.
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7. Miller, M., Orr, D., 1966. A model of the demand for money by firms. The Quarterly Journal of Economics, 80, 413-435.
8. Poole, W., 1968. Commercial bank reserve management in a stochastic model: implications for monetary policy. The Journal of Finance, 23, 769-791.