Dynamics of Overnight Money Markets: What Has Changed at the Zero Lower Bound?
Posted: 31 Oct 2015
Date Written: December 21, 2015
Abstract
In this note we provide a comparative analysis of overnight money market dynamics before the crisis and after the target federal funds rate (FFR) has been lowered to the zero lower bound (ZLB).
Suggested Citation: Suggested Citation
Klee, Elizabeth and Senyuz, Zeynep and Yoldas, Emre, Dynamics of Overnight Money Markets: What Has Changed at the Zero Lower Bound? (December 21, 2015). FEDS Notes No. 2015-12-21 https://doi.org/10.17016/2380-7172.1676, Available at SSRN: https://ssrn.com/abstract=3721684
Elizabeth Klee (Contact Author)
Board of Governors of the Federal Reserve System ( email )
20th Street and Constitution Avenue NW
Washington, DC 20551
United States
Zeynep Senyuz
Board of Governors of the Federal Reserve System ( email )
20th Street and Constitution Avenue NW
Washington, DC 20551
United States
Emre Yoldas
Board of Governors of the Federal Reserve System ( email )
20th Street and Constitution Avenue NW
Washington, DC 20551
United States
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