A Historical Assessment of the Rationales and Functions of Reserve Requirements

19 Pages Posted: 24 Aug 2012

See all articles by Marvin Goodfriend

Marvin Goodfriend

Carnegie Mellon University - David A. Tepper School of Business; National Bureau of Economic Research (NBER)

Monica Hargraves

affiliation not provided to SSRN

Multiple version iconThere are 2 versions of this paper

Date Written: 1983

Abstract

Laws requiring banks to hold a volume of reserves equal to a prescribed fraction of their deposits originated in this country more than a century ago.

Suggested Citation

Goodfriend, Marvin and Hargraves, Monica, A Historical Assessment of the Rationales and Functions of Reserve Requirements (1983). FRB Richmond Economic Review, Vol. 69, No. 2, March/April 1983, pp. 3-21. Available at SSRN: https://ssrn.com/abstract=2118170

Marvin Goodfriend (Contact Author)

Carnegie Mellon University - David A. Tepper School of Business ( email )

5000 Forbes Avenue
Pittsburgh, PA 15213-3890
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Monica Hargraves

affiliation not provided to SSRN

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