Explaining the Puzzling Behavior of Short-Term Money Market Rates: Antoine Martin, James J. McAndrews, Ali Palida, and David Skeie
CONTINUE READINGAlso The Narrow Bank, the WeWork tender, the Citadel Hotel, ETFs, toilet paper tokens and gold bars…
CONTINUE READING“Although the over 18-month wait TNB has endured is concerning, it does not approach the 30-year mark. If TNB had been waiting 30 years for a decision, I would have…
CONTINUE READINGProviding better options to hold money safely is desirable and feasible; failure to do so is a serious but fixable flaw in the legal architecture of money and payments in…
CONTINUE READINGNarrow banks are depository institutions, entities, or facilities whose main purpose is to offer nonbanks overnight investments that are, directly or indirectly, fully backed by central bank liabilities.
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