Is the Interest Rate Corridor an Effective Instrument to Dampen the Accumulation of Excess Reserves and the Inter-bank Rate Volatility?

Author:

Gumata Nombulelo,Ndou Eliphas

Publisher

Springer International Publishing

Reference18 articles.

1. Gray S. 2011. Central Bank Balances and Reserve Requirements. IMF Working Paper WP/11/36. https://www.imf.org/external/pubs/ft/wp/2011/wp1136.pdf

2. Amstad M, and Antoine M. 2011. Monetary Policy Implementation: Common Goals but Different Practices. Current Issues in Economics and Finance 7(7), Federal Reserve Bank of New York. https://www.newyorkfed.org/research/current_issues/ci17-7.html

3. David B, Gagnon E, and Leahy M. 2010. Interest on Excess Reserves as a monetary policy Instrument: The Experience of Foreign Central banks. International Financial Discussion Papers 996. Board of Governors of the Federal Reserve System. https://www.federalreserve.gov/monetarypolicy/files/FOMC20100121memo01.pdf

4. South African Reserve Bank. 2006. Intended replacement of the South African Overnight Interbank Average (Saonia) rate with an improved benchmark call rate. Discussion paper. https://www.resbank.co.za/Markets/Domestic/SABOR/Documents/SaborDiscPaper.pdf

5. South African Reserve Bank. 2018. Consultation paper on selected interest rate benchmarks in South Africa. https://www.resbank.co.za/Lists/News%20and%20Publications/Attachments/8722/Consultation%20Paper%2028-08-2018.pdf

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