Staff research, Publications
- 2024 (100)
- 2023 (158)
- 2022 (133)
- 2021 (143)
- 2020 (145)
- 2019 (137)
- 2018 (170)
- 2017 (211)
- 2016 (214)
- 2015 (180)
- 2014 (180)
- 2013 (175)
- 2012 (196)
- 2011 (87)
- 2010 (101)
- 2009 (96)
- 2008 (117)
- 2007 (109)
- 2006 (93)
- 2005 (92)
- 2004 (91)
- 2003 (75)
- 2002 (74)
- 2001 (52)
- 2000 (46)
- 1999 (45)
- 1998 (48)
- 1997 (40)
- 1996 (39)
- 1995 (30)
- 1994 (27)
- 1993 (6)
- 1992 (5)
- 1991 (3)
- 1990 (2)
- 1989 (2)
- 1988 (2)
- 1987 (4)
- 1986 (4)
- 1985 (1)
- 1984 (1)
- 1983 (5)
- 1982 (1)
-
-
Implementation of Monetary Policy in a Regime with Zero Reserve Requirements
Staff Working Paper 1997-8 Kevin ClintonMonetary policy can be implemented effectively without reserve requirements as long as cost incentives ensure a predictable demand for settlement balances. A central bank can then achieve the level of short-term interest rates that it desires, using market-oriented instruments only.Content Type(s): Staff research, Staff working papers Topic(s): Monetary policy implementation JEL Code(s): E, E5, E52
Go To Page
Archives
2024 (100)
2023 (158)
2022 (133)
2021 (143)
2020 (145)
2019 (137)
2018 (170)
2017 (211)
2016 (214)
2015 (180)
2014 (180)
2013 (175)
2012 (196)
2011 (87)
2010 (101)
2009 (96)
2008 (117)
2007 (109)
2006 (93)
2005 (92)
2004 (91)
2003 (75)
2002 (74)
2001 (52)
2000 (46)
1999 (45)
1998 (48)
1997 (40)
1996 (39)
1995 (30)
1994 (27)