Bidding in Fixed Rate Tenders: Theory and Experience with the ECB Tenders

Preprint

1 January 2002

preprint
Published by Elsevier in SSRN Electronic Journal

https://doi.org/10.2139/ssrn.318142

Abstract

This paper presents a model of the optimal bidding behaviour of a single bank in the context of fixed rate liquidity tenders. Banks' bidding is shown to depend

Keywords

BIDDING
MONEY MARKET TENDERS
LIQUIDITY POLICY
CENTRAL BANK OPERATING FRAMEWORK

All Related Versions

Version 1, 2002-01-01, RePEc (Unconfirmed version)

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