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Oceans of money Ben Craig focuses primarily on the economics of banking and finance that is international.

Thursday, July 23rd, 2020

Oceans of money Ben Craig focuses primarily on the economics of banking and finance that is international.

Ahead of the Crisis

Before October 2008, the expense and great things about keeping reserves were clear. The fee included foregone interest, and also the benefits included guarding against last-minute outflows that required instant cash, much as a depositor might reserve cash to pay for crisis costs, or an investor might hold reserves allowing him to seize an opportunity that is unforeseen. In cases where a bank did require extra funds, it might get reserves via a loan that is overnight the federal funds market, where banking institutions with additional reserves provide to many other banking institutions. (more…)