An Exploration on Interbank Markets and the Operational Framework of Monetary Policy in Colombia

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Borradores de Economía; No. 782

Date published

2013-09-18

Date

2013-09-18

Authors

González-Sabogal, Camilo
Silva-Escobar, Luisa Fernanda
Vargas-Riaño, Carmiña Ofelia
Velasco-Martínez, Andrés Mauricio

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spa
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We set a dynamic stochastic model for the interbank daily market for funds in Colombia. The framework features exogenous reserve requirements and requirement period, competitive trading among heterogeneous commercial banks, daily open market operations he

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JEL Codes

E44 - Financial Markets and the Macroeconomy
G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages
E52 - Monetary Policy

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Keywords

Keywords

Interbank Market , Overnight Rates , Reserve Demand

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URI

https://repositorio.banrep.gov.co/handle/20.500.12134/5922
 https://hdl.handle.net/20.500.12134/5922
 https://ideas.repec.org/p/bdr/borrec/782.html
 https://doi.org/10.32468/be.782

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