1.The research findings indicated that there is a cointegrated relationship between 7 day buyback interest rate(R07D) and the rate of commercial bank deposit and credit(DCR), interest rates for excessreserves(ERR),broad money-supply
2.In the past five years, the Bank of Japan has not just kept interest rates at zero but also flooded the markets in Tokyo with 30 trillion yen (roughly $300 billion) of excessreserves every night.
