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Should we reduce the role of banks in the monetary policy process?

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  • John F. Boschen

Abstract

The traditional view of banks in the monetary and price level control process is based on banks being producers of money in the form of deposits. Some economists have recently argued, however, that growth of bank deposits has no affect on price level stability. They say that the role of banks in the monetary policy process could be reduced with no adverse effect on price level stability, principally by removing reserve requirements.

Suggested Citation

  • John F. Boschen, 1988. "Should we reduce the role of banks in the monetary policy process?," Economic Review, Federal Reserve Bank of Kansas City, vol. 73(Feb), pages 18-28.
    • Handle: RePEc:fip:fedker:y:1988:i:feb:p:18-28:n:v.73no.2
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    File URL: https://www.kansascityfed.org/documents/1496/1988-Should%20We%20Reduce%20the%20Role%20of%20Banks%20in%20the%20Monetary%20Policy%20Process%3F.pdf
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    Cited by:

    1. Emin Ozturk, 1990. "Reflections on the Turkish Banking Sector," Discussion Papers 9007, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.

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