Difference between revisions of "Excess reserves"
(Created page with "Excess reserves are reserves that banks hold above the legally mandated limit. ==Definition== According to Principles of Economics by Timothy Taylor (3rd edition), :[...") |
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According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | ||
:[[Excess reserves]]. Reserves that banks hold above the legally mandated limit. | :[[Excess reserves]]. Reserves that banks hold above the legally mandated limit. | ||
| + | According to [[Macroeconomics by Mankiw (7th edition)]], | ||
| + | :[[Excess reserves]]. Reserves held by banks above the amount mandated by reserve requirements. | ||
[[Category: Economics]][[Category: Articles]] | [[Category: Economics]][[Category: Articles]] | ||
Latest revision as of 14:55, 2 July 2020
Excess reserves are reserves that banks hold above the legally mandated limit.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Excess reserves. Reserves that banks hold above the legally mandated limit.
According to Macroeconomics by Mankiw (7th edition),
- Excess reserves. Reserves held by banks above the amount mandated by reserve requirements.
