A perspective on possible Fed exit strategies

Daniel Thornton

Economic Synopses, 2013, No 21

Abstract: As the IOER rate increases, less money will be given to the Treasury and more will be given to banks for the sole purpose of holding excess reserves (i.e., idle deposits at Federal Reserve Banks).

Keywords: Interest rates; Bank reserves (search for similar items in EconPapers)
Date: 2013
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