Fiscal Dominance and the Return of Zero-Interest Bank Reserve Requirements
Author
Abstract
Suggested Citation
DOI: 10.20955/r.105.223-33
Download full text from publisher
References listed on IDEAS
- Charles W. Calomiris & Stephen H. Haber, 2015.
"Fragile by Design: The Political Origins of Banking Crises and Scarce Credit,"
Economics Books,
Princeton University Press,
edition 1, number 10177-2.
- Charles W. Calomiris & Stephen H. Haber, 2014. "Fragile by Design: The Political Origins of Banking Crises and Scarce Credit," Economics Books, Princeton University Press, edition 1, number 10177.
- Thomas J. Sargent, 1982.
"The Ends of Four Big Inflations,"
NBER Chapters, in: Inflation: Causes and Effects, pages 41-98,
National Bureau of Economic Research, Inc.
- Thomas J. Sargent, 1981. "The ends of four big inflations," Working Papers 158, Federal Reserve Bank of Minneapolis.
- Calomiris, Charles W. & Mason, Joseph R. & Wheelock, David C., 2023.
"Did doubling reserve requirements cause the 1937–38 recession? New evidence on the impact of reserve requirements on bank reserve demand and lending,"
Journal of Financial Intermediation, Elsevier, vol. 56(C).
- Charles W. Calomiris & Joseph R. Mason & David C. Wheelock, 2022. "Did Doubling Reserve Requirements Cause the 1937-38 Recession? New Evidence on the Impact of Reserve Requirements on Bank Reserve Demand and Lending," Working Papers 2022-011, Federal Reserve Bank of St. Louis, revised 15 Aug 2023.
- Peter Stella, 2021. "Interpreting Modern Monetary Reality," Journal of Applied Corporate Finance, Morgan Stanley, vol. 33(4), pages 8-23, December.
- Calomiris, Charles W & Domowitz, Ian, 1989. "Asset Substitution, Money Demand, and the Inflation Process in Brazil," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 21(1), pages 78-89, February.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Flores Zendejas, Juan & Nodari, Gianandrea & Dávalos, Jorge, 2024. "Caudillo banking: political instability and banking fragility in Mexico, 1925-1929," Working Papers unige:180827, University of Geneva, Paul Bairoch Institute of Economic History.
- Fernando de Holanda Barbosa, 2017.
"Hyperinflation: Inflation Tax and Economic Policy Regime,"
SpringerBriefs in Economics, in: Exploring the Mechanics of Chronic Inflation and Hyperinflation, chapter 0, pages 61-75,
Springer.
- Barbosa, Fernando de Holanda, 2002. "Hyperinflation: Inflation tax and economic policy regime," Brazilian Review of Econometrics, Sociedade Brasileira de Econometria - SBE, vol. 22(2), November.
- repec:hal:wpspec:info:hdl:2441/4vc7skecu3q7u7s984pi2eaan is not listed on IDEAS
- Josh Ryan-Collins, 2015. "Is Monetary Financing Inflationary? A Case Study of the Canadian Economy, 1935-75," Economics Working Paper Archive wp_848, Levy Economics Institute.
- Marco Bassetto, 2009. "The Research Agenda: Marco Bassetto on the Quantitative Evaluation of Fiscal Policy Rules," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 10(2), April.
- Stavros E. Arvanitis & Theodoros V. Stamatopoulos & Dimitris Terzakis, 2018. "Is There a Non-linear Relationship of Market Value with Cash and Ownership?," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 68(1), pages 3-25, January-M.
- Paolera, Gerardo Della & Taylor, Alan M., 1999.
"Economic Recovery from the Argentine Great Depression: Institutions, Expectations, and the Change of Macroeconomic Regime,"
The Journal of Economic History, Cambridge University Press, vol. 59(3), pages 567-599, September.
- Gerardo della Paolera & Alan M. Taylor, 2000. "Economic Recovery from the Argentine Great Depression: Institutions, Expectations, and the Change of Macroeconomic Regime," NBER Working Papers 6767, National Bureau of Economic Research, Inc.
- Alesina, Alberto & Drazen, Allan, 1991.
"Why Are Stabilizations Delayed?,"
American Economic Review, American Economic Association, vol. 81(5), pages 1170-1188, December.
- Drazen, Allan & Alesina, Alberto, 1988. "Why Are Stabilizations Delayed?," Scholarly Articles 4553028, Harvard University Department of Economics.
- Alesina, A. & Drazen, A., 1991. "Why Are Stabilizations Delayed?," Papers 6-91, Tel Aviv - the Sackler Institute of Economic Studies.
- Alberto Alesina & Allan Drazen, 1989. "Why are Stabilizations Delayed?," NBER Working Papers 3053, National Bureau of Economic Research, Inc.
- Alesina, Alberto & Drazen, Allan, 1991. "Why are Stabilizations Delayed," Foerder Institute for Economic Research Working Papers 275509, Tel-Aviv University > Foerder Institute for Economic Research.
- Shekhar Aiyar & Charles W. Calomiris & Tomasz Wieladek, 2015. "How to Strengthen the Regulation of Bank Capital: Theory, Evidence, and A Proposal," Journal of Applied Corporate Finance, Morgan Stanley, vol. 27(1), pages 27-36, March.
- Bordo, Michael D., 1986.
"Explorations in monetary history: A survey of the literature,"
Explorations in Economic History, Elsevier, vol. 23(4), pages 339-415, October.
- Michael D. Bordo, 1986. "Explorations in Monetary History: A Survey of the Literature," NBER Working Papers 1821, National Bureau of Economic Research, Inc.
- Oya Celasun & R. Gaston Gelos & Alessandro Prati, 2004.
"Would "Cold Turkey" Work in Turkey?,"
IMF Staff Papers, Palgrave Macmillan, vol. 51(3), pages 493-509, November.
- Mr. Gaston Gelos & Mr. Alessandro Prati & Oya Celasun, 2003. "Would "Cold Turkey" Work in Turkey?," IMF Working Papers 2003/049, International Monetary Fund.
- CELASUN Oya & GELOS Gaston & PRATI Alessandro, 2010. "Would “Cold Turkey” Work in Turkey?," EcoMod2003 330700033, EcoMod.
- Edwards, Sebastian, 2020. "Change of monetary regime, contracts, and prices: Lessons from the great depression, 1932–1935," Journal of International Money and Finance, Elsevier, vol. 108(C).
- Barry Eichengreen., 1989.
"The Capital Levy in Theory and Practice,"
Economics Working Papers
89-117, University of California at Berkeley.
- Eichengreen, Barry, 1989. "The Capital Levy in Theory and Practice," Department of Economics, Working Paper Series qt11j4756b, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Eichengreen, Barry, 1989. "The Capital Levy in Theory and Practice," CEPR Discussion Papers 350, C.E.P.R. Discussion Papers.
- Barry Eichengreen, 1989. "The Capital Levy in Theory and Practice," NBER Working Papers 3096, National Bureau of Economic Research, Inc.
- Peter Carr & Travis Fisher & Johannes Ruf, 2014.
"On the hedging of options on exploding exchange rates,"
Finance and Stochastics, Springer, vol. 18(1), pages 115-144, January.
- Peter Carr & Travis Fisher & Johannes Ruf, 2012. "On the Hedging of Options On Exploding Exchange Rates," Papers 1202.6188, arXiv.org, revised Nov 2013.
- Caner Bakir, 2017. "How can interactions among interdependent structures, institutions, and agents inform financial stability? What we have still to learn from global financial crisis," Policy Sciences, Springer;Society of Policy Sciences, vol. 50(2), pages 217-239, June.
- Boschen, John F. & Weise, Charles L., 2004. "Does the dynamic time consistency model of inflation explain cross-country differences in inflations dynamics?," Journal of International Money and Finance, Elsevier, vol. 23(5), pages 735-759, September.
- Henry, Peter B., 2000. "Is Disinflation Good for Growth?," Research Papers 1657, Stanford University, Graduate School of Business.
- Lara Scicluna & Sharon Seychell & Jonathan Spiteri & Simon Grima, 2019. "The Maltese Financial Services Industry’s Perception on the Regulators: An Empirical Analysis," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 16-51.
- Williamson, Stephen D., 2018. "Can the fiscal authority constrain the central bank?," Journal of Economic Dynamics and Control, Elsevier, vol. 89(C), pages 154-172.
- Alfred Duncan & Charles Nolan, 2020. "Reform of the UK Financial Policy Committee," Scottish Journal of Political Economy, Scottish Economic Society, vol. 67(1), pages 1-30, February.
- Karl Whelan, 2021.
"Central banks and inflation: where do we stand and how did we get here?,"
European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 18(3), pages 310–330-3, December.
- Whelan, Karl, 2021. "Central Banks and Inflation: Where Do We Stand and How Did We Get Here?," CEPR Discussion Papers 16557, C.E.P.R. Discussion Papers.
- Karl Whelan, 2021. "Central Banks and Inflation: Where Do We Stand and How Did We Get Here?," Working Papers 202120, School of Economics, University College Dublin.
More about this item
Keywords
government debt; government deficits; fiscal dominance; inflation;All these keywords.
JEL classification:
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
- H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedlrv:96299. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Scott St. Louis (email available below). General contact details of provider: https://edirc.repec.org/data/frbslus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.