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Journal Article
The Reluctance to Borrow from the Fed
Economics Letters
Author(s)
Banks prefer borrowing in the federal funds market, even when the Fed offers a confidential, guilt-free, and less expensive alternative. This suggests that commercial banks deliberately avoid borrowing from the central bank.
Date Published:
2001
Citations:
Furfine, Craig. 2001. The Reluctance to Borrow from the Fed. Economics Letters. (2)209-213.