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- W2015097059 abstract "The level of the required reserve ratio and the payment of interest on required reserves are irrelevant for economic stability: (1) when the central bank appropriately adjusts its interest elasticity of supply of reserves (or currency) to offset changes in the required reserve ratio or in the interest rate paid on required reserves, or (2) when economic agents form their price level expectations rationally, conditional on the current interest rate." @default.
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- W2015097059 title "Are reserve requirements relevant for economic stabilization?" @default.
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- W2015097059 doi "https://doi.org/10.1016/0304-3932(88)90048-7" @default.
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