Reserves Were Not So Ample After All
收藏NBER2021-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w29090
下载链接
链接失效反馈官方服务：
资源简介：
The Federal Reserve's "balance-sheet normalization," which reduced aggregate reserves between 2017 and September 2019, increased repo rate distortions, the severity of rate spikes, and intraday payment timing stresses, culminating with a significant disruption in Treasury repo markets in mid
提供机构：
美国国家经济研究局
创建时间：
2021-08-01
