Credit Risk, Excess Reserves and Monetary Policy: The Deposits Channel
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More about this item
Keywords
Deposits channel; zero-bound monetary policy; excess reserves; credit risk; balance sheet channel; interest on reserves; required reserve ratio; welfare; DSGE models;NEP fields
This paper has been announced in the following NEP Reports:- NEP-BAN-2018-01-22 (Banking)
- NEP-CBA-2018-01-22 (Central Banking)
- NEP-DGE-2018-01-22 (Dynamic General Equilibrium)
- NEP-MAC-2018-01-22 (Macroeconomics)
- NEP-MON-2018-01-22 (Monetary Economics)
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