Bericht
The financial crisis and the dynamics of the money market rates
This paper contributes to the ongoing debate about the changing dynamics in the money market rates after 2007. It aims to analyse the interest rate channel of monetary policy transmission until the federal funds target rate reached the zero lower bound. A set of different model explains both long and short run dynamics of U.S. money market rates up to 6 months. I find that secured money market rates move together with monetary policy expectations whereas unsecured interbank rates disconnected from policy rates due to an increase in both credit and liquidity risks.
- Language
-
Englisch
- Bibliographic citation
-
Series: WWZ Forschungsbericht ; No. 2014/08
- Classification
-
Wirtschaft
Interest Rates: Determination, Term Structure, and Effects
Monetary Policy
Central Banks and Their Policies
- Subject
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Transmission of Monetary Policy
Financial Crisis
Money Market
Transmission of Monetary Policy
Financial Crisis
Money Market
- Event
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Geistige Schöpfung
- (who)
-
Hasler, Nicole
- Event
-
Veröffentlichung
- (who)
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Universität Basel, Wirtschaftswissenschaftliches Zentrum (WWZ)
- (where)
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Basel
- (when)
-
2014
- Handle
- Last update
-
10.03.2025, 11:46 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Bericht
Associated
- Hasler, Nicole
- Universität Basel, Wirtschaftswissenschaftliches Zentrum (WWZ)
Time of origin
- 2014
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