Add to ORKGWe examine the impact on the settlement Wednesday effect in daily fed funds rates following the change from contemporaneous reserve requirements (CRR) to lagged reserve requirements (LRR). The Federal Reserve changed from CRR to LRR, in part, to make it easier for banks to settle their reserve accounts. Our hypothesis is that the switch to LRR will reduce the demand for reserves on settlement Wednesdays, thus reducing the settlement Wednesday effect in fed funds rates. Our empirical results provide strong support for our hypothesis
This paper utilizes a profit maximizing banking model to analyze sweeping behavior. Comparative stat...
The Federal Reserve has proposed a change in its method of administering the discount window. This p...
Several researchers have argued that banks discount window borrowing behavior should change if the F...
We examine the impact on the settlement Wednesday effect in daily fed funds rates following the chan...
To manage their reserve positions, depository institutions in the United States actively buy and sel...
The effect of money stock announcements on the Federal funds rate has been attributed informally to ...
Sweep accounts have been in existence since the 1970\u27 s but have grown dramatically since 1995. S...
Banks have a private motive to hold some level of cash and liquid reserves, but the negative externa...
We use daily data on bank reserves and overnight interest rates to document a striking pattern in th...
To combat the financial crisis that intensified in the fall of 2008, the Federal Reserve injected a ...
The Free Banking Era, noted for numerous bank failures and large creditor losses, has been tradition...
The discussion in many money and banking textbooks would suggest that the Federal Reserve requires d...
nonpersonal time deposits.and required reserves foil by about $10 billion, an almost 20 percent redu...
This paper examines the Federal Reserve’s increase of the allowable carryover in the bank settlement...
The recent financial crisis has triggered questions regarding the role of the Federal Reserve Bank a...
This paper utilizes a profit maximizing banking model to analyze sweeping behavior. Comparative stat...
The Federal Reserve has proposed a change in its method of administering the discount window. This p...
Several researchers have argued that banks discount window borrowing behavior should change if the F...
We examine the impact on the settlement Wednesday effect in daily fed funds rates following the chan...
To manage their reserve positions, depository institutions in the United States actively buy and sel...
The effect of money stock announcements on the Federal funds rate has been attributed informally to ...
Sweep accounts have been in existence since the 1970\u27 s but have grown dramatically since 1995. S...
Banks have a private motive to hold some level of cash and liquid reserves, but the negative externa...
We use daily data on bank reserves and overnight interest rates to document a striking pattern in th...
To combat the financial crisis that intensified in the fall of 2008, the Federal Reserve injected a ...
The Free Banking Era, noted for numerous bank failures and large creditor losses, has been tradition...
The discussion in many money and banking textbooks would suggest that the Federal Reserve requires d...
nonpersonal time deposits.and required reserves foil by about $10 billion, an almost 20 percent redu...
This paper examines the Federal Reserve’s increase of the allowable carryover in the bank settlement...
The recent financial crisis has triggered questions regarding the role of the Federal Reserve Bank a...
This paper utilizes a profit maximizing banking model to analyze sweeping behavior. Comparative stat...
The Federal Reserve has proposed a change in its method of administering the discount window. This p...
Several researchers have argued that banks discount window borrowing behavior should change if the F...