This file is part of IDEAS , which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
Should bank reserves earn interest? Author info | Abstract | Publisher info | Download info | Related research | Statistics Scott Freeman
Joseph H. Haslag
Additional information is available for the following
registered author(s):
This article examines the effects and desirability of paying interest on required reserves. Scott Freeman and Joseph Haslag demonstrate that a policy of paying interest on reserves can make everyone better off, even if the interest must be financed by a tax on capital. An essential part of this policy is an open market operation that offsets any changes in the value of money.
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page . Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Article provided by Federal Reserve Bank of Dallas in its journal Economic and Financial Policy Review .
Volume (Year): (1995)
Issue (Month): Q IV ()
Pages: 25-33
Download reference. The following formats are available: HTML
(with abstract ),
plain text
(with abstract ),
BibTeX ,
RIS (EndNote, RefMan, ProCite),
ReDIF
Handle: RePEc:fip:fedder:y:1995:i:qiv:p:25-33Contact details of provider: Email: Web page: http://www.dallasfed.org/ More information through EDIRC
Order Information: Email:
For technical questions regarding this item, or to correct its listing, contact: (Diane Rosenberger).
Keywords: Bank reserves ; References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
Smith, Bruce D, 1991.
"Interest on Reserves and Sunspot Equilibria: Friedman's Proposal Reconsidered ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 58(1), pages 93-105, January.
[Downloadable!] (restricted)
Other versions: Freeman, Scott, 1987.
"Reserve requirements and optimal seigniorage ,"
Journal of Monetary Economics ,
Elsevier, vol. 19(2), pages 307-314, March.
[Downloadable!] (restricted)
Diamond, Peter A & Mirrlees, James A, 1971.
"Optimal Taxation and Public Production II: Tax Rules ,"
American Economic Review ,
American Economic Association, vol. 61(3), pages 261-78, June.
[Downloadable!] (restricted)
George S. Tolley, 1957.
"Providing for Growth of the Money Supply ,"
Journal of Political Economy ,
University of Chicago Press, vol. 65, pages 465.
[Downloadable!] (restricted)
Caminal, R. & Bacchetta, P., 1992.
"A Note on Reserve Requirements and Public Finance ,"
UFAE and IAE Working Papers
176.92, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
Other versions: Sargent, Thomas & Wallace, Neil, 1985.
"Interest on reserves ,"
Journal of Monetary Economics ,
Elsevier, vol. 15(3), pages 279-290, May.
[Downloadable!] (restricted)
Haslag, Joseph H. & Hein, Scott E., 1995.
"Does it matter how monetary policy is implemented? ,"
Journal of Monetary Economics ,
Elsevier, vol. 35(2), pages 359-386, April.
[Downloadable!] (restricted)
Other versions: Joshua N. Feinman, 1993.
"Reserve requirements: history, current practice, and potential reform ,"
Federal Reserve Bulletin ,
Board of Governors of the Federal Reserve System (U.S.), issue Jun, pages 569-589.
Full
references
Access and
download statistics Did you know? IDEAS is also providing many rankings , for example of authors and institutions.
This page was last updated on 2010-1-2.
This information is provided to you by IDEAS at the Department of Economics , College of Liberal Arts and Sciences , University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics .