Other publications may include books, quarterly reviews, annual reports and economic bulletins from the ECB, PhD theses and Danmarks Nationalbank’s policies.
Volatility in the Overnight Money-Market Rate
The Danish overnight money-market rate is influenced by the banks’ opportunities to borrow from and place liquidity with Danmarks Nationalbank. The analysis shows that a large share of the fluctuation in the overnight rate is explained by this interaction with the monetary-policy instruments. However, other market conditions also play a role.