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econ.GN2024
A minimal model of money creation under regulatory constraints
Victor Le Coz, Michael Benzaquen, Damien Challet
We propose a minimal model of the secured interbank network able to shed light on recent money markets puzzles. We find that excess liquidity emerges due to the interactions betwee…
econ.GN2024
Stylized facts in money markets: an empirical analysis of the eurozone data
Victor Le Coz, Nolwenn Allaire, Michael Benzaquen +1
Using the secured transactions recorded within the Money Markets Statistical Reporting database of the European Central Bank, we test several stylized facts regarding interbank mar…