Home About Latest Browse RSS Advanced Search

Federal Reserve Bank of Kansas City
Economic Review
Should we reduce the role of banks in the monetary policy process?
John F. Boschen
Abstract

The traditional view of banks in the monetary and price level control process is based on banks being producers of money in the form of deposits. Some economists have recently argued, however, that growth of bank deposits has no affect on price level stability. They say that the role of banks in the monetary policy process could be reduced with no adverse effect on price level stability, principally by removing reserve requirements.


Download Full text
Cite this item
John F. Boschen, "Should we reduce the role of banks in the monetary policy process?" , Federal Reserve Bank of Kansas City, Economic Review, issue Feb, pages 18-28, 1988.
More from this series
JEL Classification:
Subject headings:
Keywords: Monetary policy ; Bank reserves ; Bank deposits
For corrections, contact LDayrit ()
Fed-in-Print is the central catalog of publications within the Federal Reserve System. It is managed and hosted by the Economic Research Division, Federal Reserve Bank of St. Louis.

Privacy Legal