Taufemback, Cleiton and Da Silva, Sergio (2011): Queuing theory applied to the optimal management of bank excess reserves. Unpublished.
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Although the economic literature on the optimal management of bank excess reserves is age-old and large, here we suggest a fresh, more practical approach based on queuing theory.
| Item Type: | MPRA Paper |
|---|---|
| Language: | English |
| Keywords: | bank reserves; queuing theory |
| Subjects: | G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages |
| ID Code: | 33529 |
| Deposited By: | Sergio Da Silva |
| Deposited On: | 20. Sep 2011 03:36 |
| Last Modified: | 20. Sep 2011 03:36 |
| References: | [1] F.S. Mishkin, The Economics of Money, Banking & Financial Markets, 9th Edition, Upper Saddle River, Prentice Hall, 2009. [2] T. Keister, J. McAndrews, Why are banks holding so many excess reserves?, Federal Reserve Bank of New York staff reports, 380, 2009. [3] Greenspan, A., Banks need more capital, The Economist, December, 18th 2008. [4] P.A. Frost, Banks’ demand for excess reserves, Journal of Political Economy 79 (1971) 805. [5] G. Selvaretnam, Regulation of reserves and interest rates in a model of bank runs, University of St Andrews working paper, CDMA07/14, 2007. [6] E. Jallath-Coria, T. Mukhopadhyay, A. Yaron, How well do banks manage their reserves? NBER working paper, 9388, 2002. [7] D.R. Skeie, Banking with nominal deposits and inside money, Journal of Financial Intermediation 17 (2008) 562. [8] A.K. Erlang, Solution of some problems in the theory of probabilities of significance in automatic telephone exchanges, Electroteknikeren 13 (1917) 5. [9] H.C. Tijms, A First Course in Stochastic Models, New York, John Wiley & Sons, Ltd, 2003. [10] T.S. Rappaport, Wireless Communications: Principles and Practice, 2nd edition, Upper Saddle River, Prentice Hall, 2002. |
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