Arbeitspapier
Reserve levels and intraday federal funds rate behavior
We analyze the impact of aggregate reserve levels on the intraday behavior of the federal funds rate over a sample period extending from 2002 to 2005. We study both how the reserve levels accumulated earlier in a maintenance period influence the morning level of the funds rate relative to the target set by the FOMC, and how same-day reserve levels as well as the reserve levels accumulated earlier affect intraday movements of the funds rate. The impact of recurring calendar events on the behavior of the federal funds rate is also explored. In general, we find a negative relationship between our measures of reserve levels and our two measures of federal funds rate behavior.
- Sprache
-
Englisch
- Erschienen in
-
Series: Staff Report ; No. 284
- Klassifikation
-
Wirtschaft
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
- Thema
-
federal funds rate, open market operations, reserve requirements
Geldmarkt
Bankenliquidität
Offenmarktpolitik
USA
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hilton, Spence
Hrung, Warren B.
- Ereignis
-
Veröffentlichung
- (wer)
-
Federal Reserve Bank of New York
- (wo)
-
New York, NY
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Hilton, Spence
- Hrung, Warren B.
- Federal Reserve Bank of New York
Entstanden
- 2007
Ähnliche Objekte (12)
Intraday imbalance optimization: incentives and impact of strategic intraday bidding behavior
Intraday imbalance optimization: incentives and impact of strategic intraday bidding behavior
The behavior of electricity prices at the German intraday market
Intra-day variations of blood reelin levels in healthy individuals
Intraday jumps, liquidity, and U.S. macroeconomic news: Evidence from exchange traded funds
Do Federal Reserve Communications Help Predict Federal Funds Target Rate Decisions?
The intraday liquidity management game
Intraday Trade in Dealership Markets
Pure theory of the federal funds rate
The topology of the federal funds market
The topology of the federal funds market
Mapping change in the federal funds market
Intraday imbalance optimization: incentives and impact of strategic intraday bidding behavior
Intraday imbalance optimization: incentives and impact of strategic intraday bidding behavior
The behavior of electricity prices at the German intraday market
Intra-day variations of blood reelin levels in healthy individuals
Intraday jumps, liquidity, and U.S. macroeconomic news: Evidence from exchange traded funds
Do Federal Reserve Communications Help Predict Federal Funds Target Rate Decisions?
The intraday liquidity management game
Intraday Trade in Dealership Markets
Pure theory of the federal funds rate
The topology of the federal funds market
The topology of the federal funds market
Mapping change in the federal funds market
Intraday imbalance optimization: incentives and impact of strategic intraday bidding behavior
Intraday imbalance optimization: incentives and impact of strategic intraday bidding behavior
The behavior of electricity prices at the German intraday market
Intra-day variations of blood reelin levels in healthy individuals
Intraday jumps, liquidity, and U.S. macroeconomic news: Evidence from exchange traded funds
Do Federal Reserve Communications Help Predict Federal Funds Target Rate Decisions?
The intraday liquidity management game
Intraday Trade in Dealership Markets
Pure theory of the federal funds rate
The topology of the federal funds market
The topology of the federal funds market