| 摘 要： | I.IntroductionWell-functioninginterbankmarketsareofutmostimportanceinmodernfinancialsystems.Theirpurposeistoefficientlyallocateliquidityamongfinancialinstitutionsandregions,shiftfundstoinstitutionsandregionsthatneeditmost,andallowforasmoothworkingofthepaymentsystem.1Inmostmodernbankingsystems,depositoryfinancialinstitutionsarelegallyrequiredtomaintainminimumreserves.Duetolargetemporarypayments,individualdepositoryinstitutionsmaybeeitheraboveorbelowtheirrequiredreservepositions.Sincesuchreserv…
|
