The Daily Market for Funds in Europe: Mathematical Appendix
Universitat Pompeu Fabra Working Paper No. 496
33 Pages Posted: 25 Jan 2001
Date Written: July 21, 2000
This paper includes the derivations of the main expressions in the paper "The Daily Market for Funds in Europe: Has Something Changed With the EMU?" by G. Perez Quiros and H. Rodriguez Mendizabal.
Keywords: Overnight rates, reserve demand, Martingale hypothesis
JEL Classification: E44, E52
Suggested Citation: Suggested Citation