How Abundant Are Reserves? Evidence from the Wholesale Payment System
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下载链接：
https://www.nber.org/papers/w30736
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资源简介：
Before the era of large central bank balance sheets, banks relied on incoming payments to fund outgoing payments in order to conserve scarce liquidity. Even in the era of large central bank balance sheets, rather than funding payments with abundant reserve balances, we show that outgoing payments
提供机构：
美国国家经济研究局
创建时间：
2022-12-01
