Interest on Reserves (Again!)
Ellen Green, "Why Banks Aren't Lending: The Silent Liquidity Squeeze," is an excellent article on the consequences of paying interest on reserves, despite its proposed policy at the end. I stumbled on it because it favorably quotes me. Particularly important is its discussion of the impact on interbank lending, the ramifications of which hadn't occurred to me. David Henderson has a stimulating post on the article over at Econ Log.
comments powered by Disqus
- Now it can be told: The weakening of the Voting Rights Act of 1965 is the crowning achievement of GOP partisans who detested the law
- Japanese textbooks may sanitize history, but comic art books don't
- Novels About Real-Life Women Are Saving Forgotten History
- Rubio becomes the first Republican presidential candidate in 2016 to admit US must confront “painful” history of racial discrimination
- CNN documentary focuses on “Nixon’s Own 9/11"
- Historians Against the War gathering signatures for new resolution to AHA on alleged violations of academic freedom in Israel
- Academic Seeks Death Certificate for Outlaw Billy the Kid
- Murderer of historian of Czech Jewry goes on trial
- Election results are in for the American Historical Association
- Nial Ferguson warns Obama’s bet on Iran has low odds of success