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Asset-Based Reserve Requirements Revisited: The Case for an Incremental Approach

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Review of Radical Political Economics

Published online on

Abstract

Review of Radical Political Economics, Ahead of Print.
This article examines asset-based reserve requirements (ABRR) as a supplementary policy tool to enable the Federal Reserve to counter asset bubbles and mitigate systemic fallout from their unwinding. Although discussed in heterodox economic literature ...