Thu, May 19, 2005
I do not believe that our understanding of the economics of intraday credit is at this point sufficient to provide quantitative guidance on the optimal pricing of daylight credit, even apart from moral hazard considerations.
See Also: Intraday Fed Funds Market, Banking More From: See Also: Source: http://www.federalreserve.gov/boarddocs/speeches/2005/20050520/default.htm
