Judson, Ruth A.; Klee, Elizabeth - In: Journal of Economics and Business 63 (2011) 4, pp. 306-328
Abstract This paper provides estimates of banks' demand for excess reserve balances on a period average basis for the period from 2005 to mid-2008. Consistent with theoretical work, we find that the demand for excess depends critically on uncertainty of flows in and out of reserve accounts. We...
