that IRRs deregulation would benefit, rather than hurt, bank earnings. Furthermore, large banks and banks with high growth …This working paper was written by Simon H. Kwan (Federal Reserve Bank of San Francisco).This paper examines the impact … of deposit rate deregulation on the market value of banks in Hong Kong. We do not find that the release of the Consumer …

account and taxing paper currency, the central bank can escape the zero bound, optimize its seignorage and eliminate … systematic profit shortfalls. By following a variant of Friedman's rule, the central bank can remove the market disruption of …