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Working Papers

May 1973, No. 73-1

Simulations of Marginal Reserve Requirements on Large Denomination Certificates of Deposit in the FRB Model

Philip H. Davidson

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As a substitute for Regulation Q ceilings, Regulation D may be used to control the volume of bank credit stemming from issuance of large denomination, negotiable certificates of deposit.

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Katrina Mullen (804) 697-8145

Working Papers

Simulations of Marginal Reserve Requirements on Large Denomination Certificates of Deposit in the FRB Model

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