01723cas a2200241 a 4500 AALejournalIMF006510 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455205691 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Republic of Serbia : Financial Sector Assessment Program Update; Technical Note on Systemic Liquidity Management. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (40 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Technical Note reviews Systemic Liquidity Management in Serbia. The liquidity management framework in Serbia, although generally efficient, is constrained by instability in the demand for excess reserves. The demand for excess reserves is generally a function of the quality of the systemic liquidity management by the central bank, the technical capability of commercial banks' treasurers to manage their balances adequately, and the overall efficiency of payment systems facilities for money market participants. The relatively high and unstable demand for excess reserves is therefore somewhat puzzling in Serbia. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2010/153 Full text available on IMF http://elibrary.imf.org/view/journals/002/2010/153/002.2010.issue-153-en.xml IMF e-Library