search query: @indexterm Banks / total: 1629
reference: 268 / 1629
| Author: | Furfine, C.H. |
| Title: | Banks as monitors of other banks; evidence from the overnight federal funds market |
| Journal: | Journal of Business
2001 : JAN, VOL. 74:1, p. 33-57 |
| Index terms: | BANKS INTEREST RATES |
| Freeterms: | FEDERAL FUNDS |
| Language: | eng |
| Abstract: | This study provides evidence that banks are effective monitors of their peers by showing that the interest rate paid on federal funds transactions reflects differences in credit risk. In addition, the size and relative importance in the funds market of the trading institutions are shown to affect the rates charged for overnight borrowing, thereby providing insight into the nature of competition in the federal funds market. |
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