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Main author:	Green, Christopher J.
Other authors:	Bai, Ye Murinde, Victor Ngoka, Kethi Maana, Isaya Tiriongo, Samuel
Format:	Journal Article
Online access:	Click here to view record

id	eprints-23916
recordtype	eprints
institution	SOAS, University of London
collection	SOAS Research Online
language	English
language_search	English
description	Overnight interbank markets provide critical facilities for the banking system to manage, pool and redistribute its cash reserves. We provide a selective survey of the literature on overnight interbank markets. We outline the typical structure of overnight markets, including the networking relationships involved, as an indispensable prerequisite for a clear understanding of the workings of these markets. We review the theoretical and empirical studies on the determination of the overnight rate, and in that context discuss the implications of the 2007–08 financial crisis. We summarise key issues for further research.
format	Journal Article
author	Green, Christopher J.
author_facet	Green, Christopher J. Bai, Ye Murinde, Victor Ngoka, Kethi Maana, Isaya Tiriongo, Samuel
authorStr	Green, Christopher J.
author_letter	Green, Christopher J.
author2	Bai, Ye Murinde, Victor Ngoka, Kethi Maana, Isaya Tiriongo, Samuel
author2Str	Bai, Ye Murinde, Victor Ngoka, Kethi Maana, Isaya Tiriongo, Samuel
title	Overnight interbank markets and the determination of the interbank rate: A selective survey
publisher	Elsevier
publishDate	2016
url	https://eprints.soas.ac.uk/23916/