Demand deposit banking and open market operations
The institutional combination of illiquid assets and demand deposit banking is regarded as vulnerable to collapse because of the impatience of depositors. We suggest that the mechanism of fully backed central bank money is a means of redress.
Year of publication: |
2008
|
---|---|
Authors: | Correa, Romar |
Published in: |
Macroeconomics and Finance in Emerging Market Economies. - Taylor & Francis Journals, ISSN 1752-0843. - Vol. 1.2008, 1, p. 67-73
|
Publisher: |
Taylor & Francis Journals |
Subject: | closed-loop information structures | feedback information structures |
Saved in:
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