Interest rate smoothing and financial stability

10.1016/S0014-2921(00)00035-0 Bagehot W., 1873, Lombard street. A description of the money market 10.1016/0304-3932(80)90016-1 10.1353/mcb.2002.0025 Basel Committee on Banking Supervision, 2000, Compendium of documents produced by the Basel Committee on Banking Supervision Batten Dallas S., 1990, The conduct of monetary policy in the major industrial countries: Instruments and operating procedures Beaulieu Joseph J., 1990, A cross‐country comparison of seasonal cycles and business cycles, NBER WP, 3549 10.1017/CBO9780511759628.005 Borio Claudio E.V., 1997, The implementation of monetary policy in industrial countries: A survey Boyd John H., 1994, Are banks dead? Or are the reports greatly exaggerated?, Quarterly Review‐Federal Reserve Bank of Minneapolis, 2 10.2307/136217 Chari V.V., 1985, Banking without deposit insurance or bank panics: Lessons from a model of the U.S. national banking system, Quarterly Review‐Federal Reserve Bank of Minneapolis, 13, 3 Comptroller of the Currency, 2000, OCC bank derivatives report, third quarter 2000 10.1016/0304-3932(89)90025-1 10.1007/978-94-011-3888-8_6 Cukierman A., 1992, Central bank strategy, credibility, and independence: Theory and evidence 10.1086/261155 10.2307/2077839 10.1016/0304-3932(96)01269-X Freeman Scott, 1996, The payments system, liquidity, and rediscounting, American Economic Review, 86, 1126 10.1016/S0304-3932(98)00045-2 10.1007/978-94-011-3888-8_7 10.1016/0304-3932(87)90002-X 10.1016/0167-2231(91)90002-M Goodfriend M., 1988, Financial deregulation, monetary policy, and central banking, Federal Reserve Bank of Richmond Economic Review, 74, 3 10.1007/978-1-349-13352-9_11 Goodhart Charles A. E.(1996).Why do the monetary authorities smooth interest rates? Special Paper No. 81 LSE Financial Markets Group February. Hannan Timothy H., 1991, The rigidity of prices: Evidence from the banking industry, American Economic Review, 81, 938 Humphrey Thomas M., 1989, Lender of last resort: The concept in history, Federal Reserve Bank of Richmond Economic Review, 75, 8 10.2307/2938334 Kneeshaw I.T., 1989, Changes in central bank money market operating procedures in the 1980s Kyei Alexander(1995).Deposit protection arrangements: A survey. International Monetary Fund Working Paper WP/95/134. 10.1016/0304-3932(87)90019-5 10.2307/1891113 10.1016/0167-2231(91)90004-O Martin Antoine(2001).Liquidity provision vs. deposit insurance: Preventing bank panics without moral hazard? Working paper 01‐05 Federal Reserve Bank of Kansas City. Meulendyke Anne‐Marie, 1998, U.S. monetary policy and financial markets Morgan Don &AdamB. Ashcraft(2003).Using loan rates to measure and regulate bank risk: Findings and an immodest proposal. Mineo June 10 Federal Reserve Bank of New York. Miron Jeffrey A., 1986, Financial panics, the seasonality of the nominal interest rate, and the founding of the Fed, American Economic Review, 76, 125 Muehring Kevin, 1997, The boy in the bubble, Institutional Investor, 51 10.1016/S0304-3932(98)00012-9 10.2307/2118485 Orr Dan, 1961, Stochastic reserve losses and expansion of bank credit, American Economic Review, 51, 614 10.1111/j.1540-6261.1968.tb00316.x Roberds William, 1992, What hath the Fed wrought? Interest rate smoothing in theory and practice, 12 10.1016/S0304-3932(98)00062-2 10.1016/0022-0531(71)90034-2 10.1016/0304-3932(95)01190-Y 10.1016/S0148-6195(99)00030-2 Talley Samuel H. Mas Ignacio(1990).Deposit insurance in developing countries. World Bank Policy Research and External AffairsWorking Paper WPS 548. Thornton Daniel L., 1997, The other change in Fed procedure Monetary trends Thornton Daniel L., 1999, The funds rate target and interest rates Monetary trends 10.1016/S0378-4266(02)00409-0 10.2307/3439515 10.1016/0304-3932(96)01261-5