A Note on Reserve Requirements and Public Finance

Détails

ID Serval
serval:BIB_9C51E66CF348
Type
Article: article d'un périodique ou d'un magazine.
Collection
Publications
Titre
A Note on Reserve Requirements and Public Finance
Périodique
International Review of Economics and Finance
Auteur⸱e⸱s
Bacchetta P., Caminal R.
ISSN
1059-0560
Statut éditorial
Publié
Date de publication
1994
Peer-reviewed
Oui
Volume
3
Numéro
1
Pages
107-118
Langue
anglais
Résumé
We use a simple general equilibrium model to show that any allocation (private consumption, real cash balances, and government spending) supported by a policy that involves reserve requirements (plus inflation and public debt) can also be supported by a policy that uses a direct tax on bank deposits (plus inflation and public debt), and vice-versa. In particular, a proportional reserve requirement is equivalent to a proportional tax on deposits plus an open market sale of bonds of an amount equal to banks' reserves.
Création de la notice
30/03/2009 13:09
Dernière modification de la notice
20/08/2019 15:03
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