Title: Asset-based reserve requirements

Authors: Amelia Correa; Romar Correa

Addresses: Department of Economics, St Andrew's College, Mumbai 400 058, India ' Department of Economics, University of Mumbai, Mumbai 400 098, India

Abstract: We offer a comprehensive macroeconomic appraisal of asset-based reserve requirements. Our new multiplier meets the concerns of scholars and practitioners concerned with systemic stability. In the process we propose a fresh look at discount window operations. The case is made from the stock-flow-consistent accounts of Godley and Lavoie (2007).

Keywords: reserve ratio; money multiplier; toxic assets; stock-flow norms; macroeconomics; discount window operations; reserve requirements.

DOI: 10.1504/IJPEE.2016.076927

International Journal of Pluralism and Economics Education, 2016 Vol.7 No.1, pp.39 - 44

Received: 07 Oct 2015
Accepted: 15 Feb 2016

Published online: 04 Jun 2016 *

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