Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5062045 | Economics Letters | 2008 | 5 Pages |
Abstract
This paper examines how retail sweep programs affect monetary asset substitution. Estimates from the Fourier flexible form reveal that sweeping generates systematic and sometimes large distortions in estimated bank depositor substitution elasticities.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Barry E. Jones, Adrian R. Fleissig, Thomas Elger, Donald H. Dutkowsky,