Journal Article
Do excess reserves reveal credit crunches?
Abstract: The author finds that because the level of excess reserves depends directly on the Federal Reserve's monetary policy stance, this measure is generally a poor indicator of credit availability.
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https://fraser.stlouisfed.org/title/economic-commentary-federal-reserve-bank-cleveland-4515/excess-reserves-reveal-credit-crunches-495471
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Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Commentary
Publication Date: 1991
Issue: Jul
Order Number: 2