Add to ORKGThis article examines the effects and desirability of paying interest on required reserves. Scott Freeman and Joseph Haslag demonstrate that a policy of paying interest on reserves can make everyone better off, even if the interest must be financed by a tax on capital. An essential part of this policy is an open market operation that offsets any changes in the value of money.Bank reserves
Banks can fail because of bad economic fundamentals, and/or general panic withdrawals by depositors ...
In recent years, many developing countries have intervened in foreign exchange markets to offset to ...
We review arguments for and against reserve requirements and conclude that the main question is whet...
This paper re-examines the impact that paying interest on reserves has on price level indeterminacy,...
The Federal Reserve has recently activated its newly acquired powers to pay interest on reserves of ...
The Federal Reserve has recently activated its newly acquired powers to pay interest on reserves of ...
The Federal Reserve has recently activated its newly acquired powers to pay interest on reserves of ...
The Federal Reserve has recently activated its newly acquired powers to pay interest on reserves of ...
Paying interest on reserves would increase the demand for deposits and thus for reserves. This, in t...
The discussion in many money and banking textbooks would suggest that the Federal Reserve requires d...
Today, all major central banks pay or collect interest on reserves, and stand ready to use the inter...
In recent years, many developing countries have intervened in foreign exchange markets to offset to ...
An implicit rationale for a bank reserve requirement is that a central monetary authority is in a un...
In recent years, many developing countries have intervened in foreign exchange markets to offset to ...
This paper re-examines the impact that paying interest on reserves has on price level in-determinacy...
Banks can fail because of bad economic fundamentals, and/or general panic withdrawals by depositors ...
In recent years, many developing countries have intervened in foreign exchange markets to offset to ...
We review arguments for and against reserve requirements and conclude that the main question is whet...
This paper re-examines the impact that paying interest on reserves has on price level indeterminacy,...
The Federal Reserve has recently activated its newly acquired powers to pay interest on reserves of ...
The Federal Reserve has recently activated its newly acquired powers to pay interest on reserves of ...
The Federal Reserve has recently activated its newly acquired powers to pay interest on reserves of ...
The Federal Reserve has recently activated its newly acquired powers to pay interest on reserves of ...
Paying interest on reserves would increase the demand for deposits and thus for reserves. This, in t...
The discussion in many money and banking textbooks would suggest that the Federal Reserve requires d...
Today, all major central banks pay or collect interest on reserves, and stand ready to use the inter...
In recent years, many developing countries have intervened in foreign exchange markets to offset to ...
An implicit rationale for a bank reserve requirement is that a central monetary authority is in a un...
In recent years, many developing countries have intervened in foreign exchange markets to offset to ...
This paper re-examines the impact that paying interest on reserves has on price level in-determinacy...
Banks can fail because of bad economic fundamentals, and/or general panic withdrawals by depositors ...
In recent years, many developing countries have intervened in foreign exchange markets to offset to ...
We review arguments for and against reserve requirements and conclude that the main question is whet...