Overnight interbank markets and the determination of the interbank rate: a selective survey
Overnight interbank markets provide critical facilities for the banking system to manage, pool and redistribute its cash reserves. We provide a selective survey of the literature on overnight interbank markets. We outline the typical structure of overnight markets, including the networking relations...
| Main Authors: | , , , , , |
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| Format: | Article |
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Elsevier
2016
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| Online Access: | https://eprints.nottingham.ac.uk/38460/ |
| _version_ | 1848795616910508032 |
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| author | Green, Christopher J. Bai, Ye Murinde, Victor Ngoka, Kethi Maana, Isaya Tiriongo, Samuel |
| author_facet | Green, Christopher J. Bai, Ye Murinde, Victor Ngoka, Kethi Maana, Isaya Tiriongo, Samuel |
| author_sort | Green, Christopher J. |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | Overnight interbank markets provide critical facilities for the banking system to manage, pool and redistribute its cash reserves. We provide a selective survey of the literature on overnight interbank markets. We outline the typical structure of overnight markets, including the networking relationships involved, as an indispensable prerequisite for a clear understanding of the workings of these markets. We review the theoretical and empirical studies on the determination of the overnight rate, and in that context discuss the implications of the 2007–08 financial crisis. We summarise key issues for further research. |
| first_indexed | 2025-11-14T19:34:56Z |
| format | Article |
| id | nottingham-38460 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| last_indexed | 2025-11-14T19:34:56Z |
| publishDate | 2016 |
| publisher | Elsevier |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-384602020-05-04T17:39:27Z https://eprints.nottingham.ac.uk/38460/ Overnight interbank markets and the determination of the interbank rate: a selective survey Green, Christopher J. Bai, Ye Murinde, Victor Ngoka, Kethi Maana, Isaya Tiriongo, Samuel Overnight interbank markets provide critical facilities for the banking system to manage, pool and redistribute its cash reserves. We provide a selective survey of the literature on overnight interbank markets. We outline the typical structure of overnight markets, including the networking relationships involved, as an indispensable prerequisite for a clear understanding of the workings of these markets. We review the theoretical and empirical studies on the determination of the overnight rate, and in that context discuss the implications of the 2007–08 financial crisis. We summarise key issues for further research. Elsevier 2016-03-31 Article PeerReviewed Green, Christopher J., Bai, Ye, Murinde, Victor, Ngoka, Kethi, Maana, Isaya and Tiriongo, Samuel (2016) Overnight interbank markets and the determination of the interbank rate: a selective survey. International Review of Financial Analysis, 44 . pp. 149-161. ISSN 1057-5219 Interbank market Overnight rate Bank reserves Bank liquidity http://www.sciencedirect.com/science/article/pii/S1057521916000156 doi:10.1016/j.irfa.2016.01.014 doi:10.1016/j.irfa.2016.01.014 |
| spellingShingle | Interbank market Overnight rate Bank reserves Bank liquidity Green, Christopher J. Bai, Ye Murinde, Victor Ngoka, Kethi Maana, Isaya Tiriongo, Samuel Overnight interbank markets and the determination of the interbank rate: a selective survey |
| title | Overnight interbank markets and the determination of the interbank rate: a selective survey |
| title_full | Overnight interbank markets and the determination of the interbank rate: a selective survey |
| title_fullStr | Overnight interbank markets and the determination of the interbank rate: a selective survey |
| title_full_unstemmed | Overnight interbank markets and the determination of the interbank rate: a selective survey |
| title_short | Overnight interbank markets and the determination of the interbank rate: a selective survey |
| title_sort | overnight interbank markets and the determination of the interbank rate: a selective survey |
| topic | Interbank market Overnight rate Bank reserves Bank liquidity |
| url | https://eprints.nottingham.ac.uk/38460/ https://eprints.nottingham.ac.uk/38460/ https://eprints.nottingham.ac.uk/38460/ |