The position of cash market in any economy proceed to get pleasure from debates, therefore plenty of studies have advanced over time. Cash markets play a key position in banks liquidity administration and the transmission of monetary policy (Rigg and Zibell, 2009). In normal times money markets are among the most liquid in the monetary sector by offering the suitable instrument and companions for liquidity trading, the money markets allows the refinancing of short and medium terms position which facilitates the mitigation of your business liquidity threat.
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