In an open market operation, the ratio of the volume of banks’ total offers to the central bank’s allotment volume. – See tender, underbidding, variable rate tender procedure, allotment amount, allotment rate, marginal, allotment procedure,
sches, allotment procedure, Dutch. – Cf. Deutsche Bundesbank Monthly Report, August 2009, p. 29 (cover ratio during the financial crisis).
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