Bill Nelson on How Bank Examiner Preferences are Obstructing Monetary Policy
Macro Musings with David Beckworth
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Why the Fed Is the Primary Source of Liquidity in the Global Financial Crisis?
The ample reserve regime or the floor system, as we like to call it, itself is a reason why it's hard to change the minds of examiners and the public in general because its ample reserves. You can really see the effect of the growing, increasing reliance on the Federal Reserve as the source of liquidity over time. The current number needed to be abundant up from $35 billion before the global financial crisis.
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