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Comparing central banks' rulebooks

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  • Edward J. Stevens

Abstract

A comparison of Federal Reserve overdraft and reserve requirement rules with those of the Deutsche Bundesbank, the Bank of Japan, and the Bank of England, finding that no unique set of rules is necessary for effective performance of a central bank's monetary and payments system functions.

Suggested Citation

  • Edward J. Stevens, 1992. "Comparing central banks' rulebooks," Economic Commentary, Federal Reserve Bank of Cleveland, vol. 28(Q), pages 2-15.
    • Handle: RePEc:fip:fedcec:y:1992:i:qiii:p:2-15:n:v.28no.3
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    References listed on IDEAS

    as
    1. Michael Dotsey, 1991. "Monetary policy and operating procedures in New Zealand," Economic Review, Federal Reserve Bank of Richmond, vol. 77(Sep), pages 13-19.
    2. Edward J. Stevens, 1989. "Removing the hazard of Fedwire daylight overdrafts," Economic Review, Federal Reserve Bank of Cleveland, vol. 25(Q II), pages 2-10.
    3. Diana Dumitru & Edward J. Stevens, 1991. "Federal funds rate volatility," Economic Commentary, Federal Reserve Bank of Cleveland, issue Aug.
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    Keywords

    Banks and banking; Central;

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