The Optimal Strategy of Central Bank for Liquidity Auctions

Student: Osharina Anastasiia

Educational Programme: Economics (Bachelor)

Final Grade: 8

Year of Graduation: 2019

This paper examines the implications that economic conditions in different periods have for monetary policy and investigates whether it is reasonable to carry open market operations the way they are conducted now. The research will explore features of two types of operations in particular – fixed and variable rate auctions. Existing studies in this sphere provide an overview on basic differences of these kinds of tenders, yet, no specific recommendations on its implementation have been given. For the aims of study, analysis of theoretical model and comparison to the basic one will be done.

Full text (added May 11, 2019)

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