The case for staggered-reserve accounting

William Gavin ()

Economic Review, 1982, issue Spr, 30-36

Abstract: An argument for an institutional reform to lengthen the reserve- accounting period from one week to four weeks and to stagger the reserve-accounting periods among four groups of banks. Such staggered- reserve accounting would allow the Federal Reserve to set operating targets for total reserves.

Date: 1982
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