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Persistent link: https://www.econbiz.de/10011377794
Starting on December 18, 2008 the Federal Reserve began paying 25 basis points (bps) on the reserves of depository institutions. Theory argues that the rate paid on reserves establishes a floor for the federal funds market. Nonetheless, the effective federal funds rate has stayed well below this...
Persistent link: https://www.econbiz.de/10013013049
Starting on December 18, 2008 the Federal Reserve began paying 25 basis points (bps) on the reserves of depository institutions. Theory argues that the rate paid on reserves establishes a floor for the federal funds market. Nonetheless, the effective federal funds rate has stayed well below this...
Persistent link: https://www.econbiz.de/10013323320
Persistent link: https://www.econbiz.de/10003441134
Persistent link: https://www.econbiz.de/10010387968