Dynamics of Overnight Money Markets: What Has Changed at the Zero Lower Bound?

Posted: 31 Oct 2015

See all articles by Elizabeth Klee

Elizabeth Klee

Board of Governors of the Federal Reserve System

Zeynep Senyuz

Board of Governors of the Federal Reserve System

Emre Yoldas

Board of Governors of the Federal Reserve System

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

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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