IDEAS home Printed from https://ideas.repec.org/a/bla/buecrs/v39y1987i4p273-96.html
   My bibliography  Save this article

Money Market Arbitrage and Commercial Banks' Base Rate Adjustments in the United Kingdom

Author

Listed:
  • Green, Christopher J

Abstract

This paper sen in the United Kingdom when large companies are able to borrow fro m a commercial bank and relend the money in the market at a higher ra te. Such arbitrage is commonly called "round-tripping." Round-tripp ing is investigated in a simple theoretical way, and then a simulatio n approach is used to estimate the amount of funds involved in round- tripping in the 1970s. These estimates tend to support the view that round-tripping was probably rather modest in amount in relation to th e values of the main monetary aggregates. Copyright 1987 by Blackwell Publishing Ltd and the Board of Trustees of the Bulletin of Economic Research

Suggested Citation

  • Green, Christopher J, 1987. "Money Market Arbitrage and Commercial Banks' Base Rate Adjustments in the United Kingdom," Bulletin of Economic Research, Wiley Blackwell, vol. 39(4), pages 273-296, October.
    • Handle: RePEc:bla:buecrs:v:39:y:1987:i:4:p:273-96
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Christopher Green, 1998. "Banks as Interest Rate Managers," Journal of Financial Services Research, Springer;Western Finance Association, vol. 14(3), pages 189-208, December.
    2. Neil R. Ericsson, David F. Hendry & Kevin M. Prestiwch, "undated". "The UK Demand for Broad Money over the Long run," Economics Papers W29, Economics Group, Nuffield College, University of Oxford.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:buecrs:v:39:y:1987:i:4:p:273-96. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0307-3378 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.