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Cargill and Mayer

Cargill and Mayer. Vaughan / Economics 639 / American University. Fed Doubles Reserve Requirements. Impact of Reserve Requirement Hike. Preliminary Evidence Increase in Reserve Requirements Mattered. Empirical Models. Where: CRR = Cash reserve ratio

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Cargill and Mayer

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  1. Cargill and Mayer Vaughan / Economics 639 / American University

  2. Fed Doubles Reserve Requirements

  3. Impact of Reserve Requirement Hike

  4. Preliminary Evidence Increase in Reserve Requirements Mattered

  5. Empirical Models Where: CRR = Cash reserve ratio ∆RR = Percentage point change in reserve requirements Control variables: S = bank size (average assets) TDR = ratio of time to total deposits IBDR = ratio of interbank to total deposits SD = State dummy variable IP = Industrial production mem = member bank non = nonmember banks

  6. Empirical Models Where: CRR = Cash reserve ratio ∆RR = Percentage point change in reserve requirements Control variables: S = bank size (average assets) TDR = ratio of time to total deposits IBDR = ratio of interbank to total deposits SD = State dummy variable IP = Industrial production mem = member bank non = nonmember banks

  7. Results

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