Detzer, Daniel - Fachbereich Wirtschaftswissenschaften, Hochschule für … - 2012
This paper analyzes two instruments - asset-based reserve requirements put forward by Thomas Palley and asset … institutions into a booming sector. It is found that asset-based reserve requirements will only work through a predictable price … constraint. Hence, it is concluded that due to the higher predictability of asset-based reserve requirements those are more …