Basically eliminates any limits on the amount of liquidity the Fed can inject
Board announces that it will begin to pay interest on depository institutions required and excess reserve balances.
The origin of risk
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From the QJE, by Alexandr Kopytov, Mathieu Taschereau-Dumouchel, and Zebang
Xu: We propose a tractable model in which risk, at both the micro and macro
l...
2 hours ago
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