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- Title
Monetary policy without reserve requirements: Case studies and options for the United States.
- Authors
Sellon Jr., Gordon H.; Weiner, Stuart E.
- Abstract
Examines how Canada, Great Britain and New Zealand conduct monetary policy without using reserve requirements. Declining reserve balances; Motivation to eliminate reserve requirements in Canada; Changes in procedure in Britain; Elimination of reserve requirements in New Zealand in the mid-1980s; Reserve requirements and interest rate volatility.
- Subjects
CANADA; NEW Zealand; MONETARY policy; BRITISH economic policy; RESERVE requirements; ECONOMIC policy
- Publication
Economic Review (01612387), 1997, Vol 82, Issue 2, p5
- ISSN
0161-2387
- Publication type
Article