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An econometric model for the determination of banking system excess reserves

  • JosÉ Luis Escriva
  • Antoni Espasa
Part of the International Studies In Economic Modelling book series (ISIM)

Abstract

In this chapter, a demand equation for the excess reserves held by banks and saving banks in Spain is presented and estimated. The equation is derived from a profit maximization model by banking agents in a state of uncertainty and where the rational expectations hypothesis is imposed.

Keywords

Interest Rate Central Bank Monetary Authority Interbank Market Cash Reserve 
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References

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Copyright information

© Chapman and Hall Ltd 1988

Authors and Affiliations

  • JosÉ Luis Escriva
  • Antoni Espasa

There are no affiliations available

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