Implementation of Monetary Policy in a Regime with Zero Reserve Requirements

Preprint

1 January 1998

preprint
Published by Elsevier in SSRN Electronic Journal

https://doi.org/10.2139/ssrn.56143

Abstract

Monetary policy can be implemented effectively without reserve requirements as long as cost incentives ensure a predictable demand for settlement balances. A ce

Keywords

SSRN
IMPLEMENTATION OF MONETARY POLICY IN A REGIME WITH ZERO RESERVE REQUIREMENTS
KEVIN CLINTON

All Related Versions

Version 1, RePEc (Unconfirmed version)

This publication has 2 references indexed in Scilit:

Discretion versus policy rules in practice
Carnegie-Rochester Conference Series on Public Policy, 1993
Interest rates and the conduct of monetary policy
Carnegie-Rochester Conference Series on Public Policy, 1991