Deposit Spreads and the Welfare Cost of Inflation
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下载链接：
https://www.nber.org/papers/w25385
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资源简介：
Since bank deposits and currency are substitutes and banks have monopoly power, higher nominal interest rates lead to higher deposit spreads. This raises the cost of transaction services, increases bank profits and attracts entry into the banking sector. Taking these effects into account, a one
提供机构：
美国国家经济研究局
创建时间：
2018-12-01
