Crypto Voices cover image

CV141: George Selgin - Repos, reserves, cash, and CBDCs

Crypto Voices

00:00

What's the Net Net of the Reverse Repos Facility?

The actual treasury security in that transaction sits with the Fed though, right? Technically, it's a purchase in sale. But it doesn't, you know, it stays technically as part of the... It's effectively think of it as collateralizing the transaction. That's probably the easiest way to think about it. Think about it as collateralize alone from the banks to the Fed. Yes, understood. With the new facility. The net net of it basically is, as you said, just to summarize here for the listener because I'm looking at the numbers. Notes are only 26% of the Fed's balance sheet. They used to be pre-2008, 58%. And from my

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app