Arbeitspapier
Portuguese banks in the euro area market for daily funds
In this paper, we use the Furfine (1999) statistical procedure to identify money market operations from Payments Systems data. Given the availability of an alternative data set, recording money market operations we could confirm the accuracy of the method. We examine evidence on integration of the money market in the euro area. We ask: “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.
- Language
-
Englisch
- Bibliographic citation
-
Series: ECB Working Paper ; No. 985
- Classification
-
Wirtschaft
Monetary Policy
Central Banks and Their Policies
- Subject
-
financial integration
Furfine procedure
hierarchical structure
money market
Portuguese banks
Geldmarkt
Tagesgeldmarkt
Euromarkt
Portugal
EU-Staaten
- Event
-
Geistige Schöpfung
- (who)
-
Farinha, Luísa
Gaspar, Vítor
- Event
-
Veröffentlichung
- (who)
-
European Central Bank (ECB)
- (where)
-
Frankfurt a. M.
- (when)
-
2008
- Handle
- Last update
-
10.03.2025, 11:44 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
- Arbeitspapier
Associated
- Farinha, Luísa
- Gaspar, Vítor
- European Central Bank (ECB)
Time of origin
- 2008
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