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The Effects of Liquidity Regulation on Bank Demand in Monetary Policy Operations
| Content Provider | Scilit |
|---|---|
| Author | Rezende, Marcelo Styczynski, Mary-Frances Vojtech, Cindy M. |
| Copyright Year | 2016 |
| Description | Journal: SSRN Electronic Journal We estimate the effects of the liquidity coverage ratio (LCR), a liquidity requirement for banks, on the tenders that banks submit in Term Deposit Facility operations, a Federal Reserve tool created to manage the quantity of bank reserves. We identify these effects using variation in LCR requirements across banks and a change over time that allowed term deposits to count toward the LCR. Banks subject to the LCR submit tenders more often and submit larger tenders than exempt banks when term deposits qualify for the LCR. These results suggest that liquidity regulation affects bank demand in monetary policy operations. |
| Related Links | http://www.federalreserve.gov/econresdata/feds/2016/files/2016090pap.pdf https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=2782620 |
| ISSN | 10914358 |
| e-ISSN | 15565068 |
| DOI | 10.2139/ssrn.2782620 |
| Journal | SSRN Electronic Journal |
| Language | English |
| Publisher | Elsevier BV |
| Publisher Date | 2016-09-30 |
| Access Restriction | Open |
| Subject Keyword | Journal: SSRN Electronic Journal History and Philosophy of Science Liquidity Regulation Term Deposits |
| Content Type | Text |
| Resource Type | Article |
| Subject | Public Health, Environmental and Occupational Health Psychiatry and Mental Health |