Banks' reserve management, transaction costs, and the timing of Federal Reserve intervention

Article Abstract:

Even at higher cost, US banks tend to hold more reserves, which the Federal Reserve provides, on days when the cost of holding them is cyclically highest because settlement days are when they have precise information on their reserve needs.

United States, Bank Reserves, Statistical Data Included, Finance, United States. Federal Reserve Board

The overnight interbank market: Evidence from the G-7 and the Euro zone

Article Abstract:

The authors find that central banks in industrial economies play a pivotal role in behavior of short-term interest rates.

Government expenditures, Science & research, World, Interest Rates, Research, Economic aspects, Economic policy, Central banks, Group of 7

The diffusion of production processes in the U.S. banking industry: a finite mixture approach

Article Abstract:

The finite mixture distribution was found to be useful in evaluating technical changes and the cost functions of financial institutions over time. This approach disregards the need to employ observable decisions and allows users to assess the cost consequences of technological innovations by assigning representations to them. Banking institutions are also shown to convert to lower cost production technologies when pressured by restrictive branching regulations.

Models, Usage, Financial institutions, Technology, Estimation theory