Journal Article
Would it help to eliminate interest on reserves?
Abstract: Although we can?t be certain of the size of the effect, the ECB?s recent experience suggests that eliminating interest paid on reserves held with the Federal Reserve would not substantially increase bank lending and money growth.
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File(s): File format is application/pdf http://research.stlouisfed.org/publications/es/13/ES_8_2013-03-08.pdf
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Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: Economic Synopses
Publication Date: 2013
Order Number: 8