文章基本信息

标题：Asymmetric Standing Facilities: An Unexploited Monetary Policy Tool
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作者：Gabriel Perez-Quiros ; Hugo Rodríguez Mendizábal
期刊名称：Documentos de Trabajo / Banco de España
印刷版ISSN：0213-2710
电子版ISSN：1579-8666
出版年度：2010
卷号：1
出版社：Banco de España
摘要：
This paper analyzes the role of standing facilities in the determination of the demand
for reserves in the overnight money market. In particular, we study how the asymmetric
nature of the deposit and lending facilities could be used as a powerful policy tool for the
simultaneous control of prices and quantities in the market for daily funds.
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