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Are reserve requirement changes really exogenous? An example of regulatory accommodation of industry goals

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  • Cara S. Lown
  • John H. Wood
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    File URL: http://dallasfed.org/assets/documents/research/papers/1989/wp8911.pdf
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    Paper provided by Federal Reserve Bank of Dallas in its series Research Paper with number 8911.

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    Date of creation: 1989
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    Handle: RePEc:fip:feddrp:8911

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    Keywords: Bank reserves;

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    1. Klein, Benjamin, 1974. "Competitive Interest Payments on Bank Deposits and the Long-Run Demand for Money," American Economic Review, American Economic Association, vol. 64(6), pages 931-49, December.
    2. Richard A. Posner, 1974. "Theories of Economic Regulation," Bell Journal of Economics, The RAND Corporation, vol. 5(2), pages 335-358, Autumn.
    3. Gambs, Carl M. & Rasche, Robert H., 1978. "Costs of reserves and the relative size of member and nonmember bank demand deposits," Journal of Monetary Economics, Elsevier, vol. 4(4), pages 715-733, November.
    4. anonymous, 1938. "The history of reserve requirements for banks in the United States," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Nov, pages 953-972.
    5. Starleaf, Dennis R, 1975. "Nonmember Banks and Monetary Control," Journal of Finance, American Finance Association, vol. 30(4), pages 955-75, September.
    6. George J. Stigler, 1971. "The Theory of Economic Regulation," Bell Journal of Economics, The RAND Corporation, vol. 2(1), pages 3-21, Spring.
    7. James Tobin, 1963. "Commercial Banks as Creators of 'Money'," Cowles Foundation Discussion Papers 159, Cowles Foundation for Research in Economics, Yale University.
    8. Nathan Balke & Robert J. Gordon, 1986. "Appendix B Historical Data," NBER Chapters, in: The American Business Cycle: Continuity and Change, pages 781-850 National Bureau of Economic Research, Inc.
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