文章基本信息

标题：Portuguese banks in the euro area market for daily funds
本地全文：下载
作者：Luísa Farinha ; Vítor Gaspar
期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2008
卷号：1
出版社：European Central Bank
摘要：In this paper, we use the Furfine (1999) statistical procedure to identify money marketoperations from Payments Systems data. Given the availability of an alternative data set, recording money market operations we could confirm the accuracy of the method. “how do Portuguese banks participate in the market for daily funds?” and look for a possible hierarchical structure in the market. We find strong evidence of integration and mixed evidence on hierarchical structure.
关键词：Money market; Furfine procedure; financial integration; hierarchical;structure; Portuguese banks.