Did Doubling Reserve Requirements Cause the Recession of 1937-1938? A Microeconomic Approach
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https://www.nber.org/papers/w16688
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资源简介：
In 1936-37, the Federal Reserve doubled the reserve requirements imposed on member banks. Ever since, the question of whether the doubling of reserve requirements increased reserve demand and produced a contraction of money and credit, and thereby helped to cause the recession of 1937-1938, has been
提供机构：
美国国家经济研究局
创建时间：
2011-01-01
