The Deposits Channel of Monetary Policy
收藏NBER2016-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w22152
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资源简介：
We present a new channel for the transmission of monetary policy, the deposits channel. We show that when the Fed funds rate rises, banks widen the spreads they charge on deposits, and deposits flow out of the banking system. We present a model where this is due to market power in deposit markets.
提供机构：
美国国家经济研究局
创建时间：
2016-04-01
