Monitoring Reserve Scarcity Through Nonbank Cash Lenders

Stefan Gissler, Samuel J. Hempel, Robert Kahn, Patrick E. McCabe and Borghan Nezami Narajabad
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Stefan Gissler: https://www.federalreserve.gov/econres/stefan-gissler.htm
Samuel J. Hempel: https://www.federalreserve.gov/econres/sam-hempel.htm
Patrick E. McCabe: https://www.federalreserve.gov/econres/patrick-e-mccabe.htm

No 2025-03-28-4, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: In this note, we show that nonbank lenders' behavior as cash lenders can help discern early informative signals about the scarcity of reserves. Reserves, which are deposits that banks and other financial institutions hold at the Federal Reserve, are the most liquid asset on banks' balance sheets and hence play a central role in banks' liquidity management.

Date: 2025-03-28
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2025-03-28-4

DOI: 10.17016/2380-7172.3699

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