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  1. Multiple equilibrium overnight rates in a dynamic interbank market game
    Published: 2003
    Publisher:  Dt. Bundesbank, Press and Public Relations Div., Frankfurt am Main

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  2. Multiple equilibrium overnight rates in a dynamic interbank market game
    Published: 2003
    Publisher:  Dt. Bundesbank, Frankfurt am Main

    We analyse a two period model of the interbank market, i.e. the market at which banks trade liquidity. We assume that banks do not take the inter- bank interest rate as given, but multilaterally negotiate on interest rates and transaction volumes.... more

    Universitätsbibliothek Braunschweig
    3491-9866
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    Sächsische Landesbibliothek - Staats- und Universitätsbibliothek Dresden
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    Staats- und Universitätsbibliothek Hamburg Carl von Ossietzky
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    WP 6-2003/4
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    W 935 (03.04)
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    We analyse a two period model of the interbank market, i.e. the market at which banks trade liquidity. We assume that banks do not take the inter- bank interest rate as given, but multilaterally negotiate on interest rates and transaction volumes. The solution concept applied is the Shapley value. We show that there is a multiplicity of average equilibrium interest rates of the þrst period so that the average interest rate in this period does not convey any information on the expected liquidity situation at the interbank market.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    ISBN: 393582145X
    RVK Categories: QB 910 ; QK 300
    Series: Discussion paper / Economic Research Centre of the Deutsche Bundesbank ; 2003,4
    Subjects: Geldmarkt; Bankenliquidität; Zins; Verhandlungstheorie; Dynamisches Gleichgewicht; Theorie; Shapley-Wert; multiple equiibria
    Scope: 34 S, Tab., b
    Notes:

    Literaturverz. S. 28 - 29

  3. Implementation cycles in the new economy
    Published: 2005
    Publisher:  Centre for Economic Policy Research, London

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 32 (5032)
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    Deutsche Universität für Verwaltungswissenschaften Speyer, Universitätsbibliothek
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    RVK Categories: QB 910
    Series: Array ; 5032
    Subjects: Innovationsdiffusion; USA; New Economy; multiple equiibria
    Scope: 28 S.