This paper describes segregated balance accounts (SBAs), a concept for a new type of account that could provide increased competition for deposits, reduce system-wide balance sheet costs, and improve the transmission of monetary policy by facilitating greater pass-through of interest on excess...

This paper describes segregated balance accounts (SBAs), a concept for a new type of account that could provide increased competition for deposits, reduce system-wide balance sheet costs, and improve the transmission of monetary policy by facilitating greater pass-through of interest on excess...

Cram et al. (2009) argued that conditional logit regression could produce better regression results than ordinary logit regression when applied to matched samples. But their evidence of conditional logit regression's advantages over ordinary logit regression is not statistically robust, for they...