Would it help to eliminate interest on reserves?

Christopher Neely

Economic Synopses, 2013, No 8

Abstract: Although we can?t be certain of the size of the effect, the ECB?s recent experience suggests that eliminating interest paid on reserves held with the Federal Reserve would not substantially increase bank lending and money growth.

Keywords: Banks and banking, Central; Interest rates (search for similar items in EconPapers)
Date: 2013
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