Macro Musings with David Beckworth cover image

Bill Nelson on the Future of Central Bank Operating Systems

Macro Musings with David Beckworth

CHAPTER

Navigating Voluntary Reserves and Treasury Balances

This chapter explores the concept of voluntary reserve targets for banks and their potential to provide liquidity during emergencies. It discusses the Treasury General Account's impact on reserve balances and suggests strategies to navigate fluctuations caused by quantitative tightening.

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