| Journal Call no. | HG1302.Q37 |
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| Article Title | Hong Kong dollar interbank market : an analysis of its role in financial intermediation / Monetary Management Department. |
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| Is Part Of | Quarterly bulletin / Hong Kong Monetary Authority ; no.2, Feb 1995, p.10-17, illus. |
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| Abstract | The HK dollar interbank market plays a central role in the financial intermediation process. A considerable proportion of funds maturing within one year are channelled from depositors via retail banks through the interbank market to those foreign banks without a branch network, and finally to the ultimate borrowers. Negotiable certificates of deposit (NCDs) complement the interbank market by channelling longer term funds. The NCDs market is expected to continue to develop as the size and liquidity of these instruments increased in 1994. |
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