Question
Under what circumstance can the central bank increase the interbank rate (i-r) by increasing the interest on reserves (i-or)? Explain with the help of a
Under what circumstance can the central bank increase the interbank rate (i-r) by increasing the interest on reserves (i-or)? Explain with the help of a figure.
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Macroeconomics
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone
6th Canadian Edition
321675606, 978-0321675606
