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- W3049747487 abstract "The Federal Reserve has paid interest on reserves held by banks in their Fed accounts since 2008. Why should it do so? Here, we describe some benefits of paying interest on required reserve balances. Since forcing banks to hold unremunerated reserves would be akin to levying a tax on them, paying interest on these balances is a way to eliminate or greatly reduce that tax and its negative effects." @default.
- W3049747487 created "2020-08-21" @default.
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- W3049747487 date "2017-09-25" @default.
- W3049747487 modified "2023-09-23" @default.
- W3049747487 title "Why Pay Interest on Required Reserve Balances" @default.
- W3049747487 hasPublicationYear "2017" @default.
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