Article ID Journal Published Year Pages File Type
958076 Journal of Economics and Business 2011 23 Pages PDF
Abstract
► This paper provides estimates of banks' demand for reserve balances on a period average basis for the period from 2005 to mid-2008. ► Consistent with theoretical work, we find that the demand for excess depends critically on uncertainty of flows in and out of reserve accounts. ► We document the variability of demand for excess reserve balances by institution size. ► We evaluate different models for forecasting demand for excess on a period average basis. ► We report the forecasting performance of each of these models.
Related Topics
Social Sciences and Humanities Business, Management and Accounting Strategy and Management
Authors
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