Comparative Statics of Central Bank Liquidity Management: Some Insights

Table 1

Autonomous and discretionary liquidity factors in a central bank balance sheet.

Liabilities	Assets
(𝐿1) currency	(𝐴1) credit to government
(𝐿2) bank reserves	(𝐴2) credit to banks
(𝐿3) net other liabilities	(𝐴3) net foreign assets
Total liabilities	Total assets