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Queuing theory applied to the optimal management of bank excess reserves

Author

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  • Taufemback, Cleiton
  • Da Silva, Sergio

Abstract

Although the economic literature on the optimal management of bank excess reserves is age-old and large, here we suggest a fresh, more practical approach based on queuing theory.

Suggested Citation

  • Taufemback, Cleiton & Da Silva, Sergio, 2012. "Queuing theory applied to the optimal management of bank excess reserves," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 391(4), pages 1381-1387.
    • Handle: RePEc:eee:phsmap:v:391:y:2012:i:4:p:1381-1387
    DOI: 10.1016/j.physa.2011.09.022
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    References listed on IDEAS

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    1. Todd Keister & James J. McAndrews, 2009. "Why are banks holding so many excess reserves?," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 15(Dec).
    2. Frost, Peter A, 1971. "Banks' Demand for Excess Reserves," Journal of Political Economy, University of Chicago Press, vol. 79(4), pages 805-825, July-Aug..
    3. Skeie, David R., 2008. "Banking with nominal deposits and inside money," Journal of Financial Intermediation, Elsevier, vol. 17(4), pages 562-584, October.
    4. Eduardo Jallath-Coria & Tridas Mukhopadhyay & Amir Yaron, 2002. "How Well Do Banks Manage Their Reserves?," NBER Working Papers 9388, National Bureau of Economic Research, Inc.
    5. Geethanjali Selvaretnam, 2007. "Regulation of Reserves and Interest Rates in a Model of Bank Runs," CDMA Working Paper Series 200714, Centre for Dynamic Macroeconomic Analysis.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Commercial bank excess reserves; Queuing theory;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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