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Journal Article

Is there any rationale for reserve requirements?


Abstract: A search for a contemporary rationale for reserve requirements that finds little to recommend them other than an aversion to total reliance on the discount window for meeting banks' day-to-day liquidity needs.

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File(s): File format is text/html http://www.clevelandfed.org/Research/Review/1991/91-q3-stevens.pdf

File(s): https://fraser.stlouisfed.org/scribd/?toc_id=229719&filepath=/docs/publications/frbclevreview/rev_frbclev_1991q3.pdf&start_page=3#scribd-open

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Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Review

Publication Date: 1991

Volume: 27

Issue: Q III

Pages: 2-17