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by changes following bank mergers involving Federal Reserve customer banks. This paper evaluates the effect of bank … two or more Reserve Bank customers have resulted in volume losses, especially during the first quarter following the … additional check-processing volume because of bank mergers. …
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The appropriate role for equity prices in monetary policy deliberations has been hotly debated for some time. Recent work suggests that equity prices have affected monetary policy decisions above and beyond their indirect effect on the traditional goal variables of the FOMC. However, the...
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