Join our mailing list!



Official PayPal Seal

(Your shopping cart is empty)

  Home > Diane Publishing Books >

Why are Banks Holding So Many Excess Reserves?
Why are Banks Holding So Many Excess Reserves?

 
Our Price: $10.00
By Todd Keister (au); James McAndrews (au)
Year: 2009
Pages: 13
Binding Paperback

Product Code: 1437925138

Description
 
The quantity of reserves in the U.S. banking system has risen dramatically since Sept. 2008. This pattern may indicate that the Federal Reserveís (FR) liquidity facilities have been ineffective in promoting the flow of credit to firms and households. Others have argued that the high level of reserves will be inflationary. This report explains why banks are currently holding so many reserves. The examples show how the quantity of bank reserves is determined by the size of the FRís policy initiatives and in no way reflects the initiativesí effects on bank lending. A large increase in bank reserves need not be inflationary, because the payment of interest on reserves allows the FR to adjust short-term interest rates independently of the level of reserves. Illus..

Share your knowledge of this product with other customers... Be the first to write a review
Diane Publishing Co
PO Box 617
Darby, PA 19023-0617
1-800-782-3833
 About Us
 Become an Affiliate
 Privacy Policy
 Send Us Feedback
 
Company Info | Advertising | Product Index | Category Index | Help | Terms of Use
Copyright � 2004 Diane Publishing Company. All Rights Reserved.
Built with Volusion