The Role of Primary Dealers in Federal Reserve Efforts to Change the Money Supply

John Heim

Chapter Chapter 7 in Why Fiscal Stimulus Programs Fail, Volume 1, 2021, pp 125-145 from Springer

Abstract: Abstract This chapter examines whether using investment banks, brokerages, and foreign banks reduces the effectiveness of accommodative monetary policy (compared to using only U.S. commercial and savings banks) and concludes it does. Test results showing this are presented.

Keywords: Investment banks; Accommodative monetary policy (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-65675-1_7

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DOI: 10.1007/978-3-030-65675-1_7

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