Fed Should Slowly Unwind Excess Reserves

Max Gillman

Fed Should Slowly Unwind Excess Reserves

Max Gillman

University of Missouri-St. Louis

Research output: Other contribution

Abstract

Before 2008, competition between banks forced them to loan out or otherwise invest excess reserves.

Original language	American English
State	Published - Sep 26 2018

Disciplines

Economics

Cite this

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title = "Fed Should Slowly Unwind Excess Reserves",

abstract = " Before 2008, competition between banks forced them to loan out or otherwise invest excess reserves.",

author = "Max Gillman",

note = "Regarding your editorial {"}Sharing the Wealth of Markets{"} (Sept. 21): Yes, recent stock price increases aren't creating new wealth as broadly as most would like because the market isn't providing adequate liquidity for the kind of firms that drive economic growth. We believe that much of the blame rests with Federal Reserve policy.",

year = "2018",

month = sep,

day = "26",

language = "American English",

type = "Other",

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TY - GEN

T1 - Fed Should Slowly Unwind Excess Reserves

AU - Gillman, Max

N1 - Regarding your editorial "Sharing the Wealth of Markets" (Sept. 21): Yes, recent stock price increases aren't creating new wealth as broadly as most would like because the market isn't providing adequate liquidity for the kind of firms that drive economic growth. We believe that much of the blame rests with Federal Reserve policy.

PY - 2018/9/26

Y1 - 2018/9/26

N2 - Before 2008, competition between banks forced them to loan out or otherwise invest excess reserves.

AB - Before 2008, competition between banks forced them to loan out or otherwise invest excess reserves.

UR - https://www.wsj.com/articles/fed-should-slowly-unwind-excess-reserves-1537989315

M3 - Other contribution

ER -

Fed Should Slowly Unwind Excess Reserves

Abstract

Disciplines

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