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Borrowed reserves and deposit variation: The risks to...
- Source :
- Atlantic Economic Journal; Sep97, Vol. 25 Issue 3, p297, 10p
- Publication Year :
- 1997
-
Abstract
- Presents a theory of borrowed reserves where deposits are stochastic and banks may fund loans and reserve positions by borrowing at the discount window. Nonlinear relationship between borrowing and the spread between the federal funds rate and the discount rate; Implication for Federal Reserve operating policy in the United States; Problem which the commercial bank solves and where borrowed reserve function is derived.
- Subjects :
- BANK reserves
RESERVES (Accounting)
Subjects
Details
- Language :
- English
- ISSN :
- 01974254
- Volume :
- 25
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- Atlantic Economic Journal
- Publication Type :
- Academic Journal
- Accession number :
- 49090
- Full Text :
- https://doi.org/10.1007/BF02298411