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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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liquidity coverage ratio

Federal Reserve, repo facility, term auction facility
Banking Regulation, News, The Fed & Central Banks

The Fed's New Repo Plan

George Selgin/May 2, 2019June 19, 2022

I'm not the gambling sort. However, were I so I'd bet dollars to donuts that the Standing Repo Facility (henceforth "SRF") plan proposed by David Andolfatto and Jane Ihrig in a pair of St. Louis Fed articles (here and here) will be an important topic of discussion…

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Federal Reserve, liquidity coverage ration, Floor system, corridor system
Banking Regulation, Money & Politics, The Fed & Central Banks

The Fed's LCR Reserve Requirement: An Ace up Its Floor-System Defense Sleeve

George Selgin/December 20, 2018June 19, 2022

Among many other advantages it enjoys when it comes to influencing the course of monetary reform, the Fed has that of being able to shift the constraints that determine whether a proposed reform is or isn't possible. If existing constraints don't stand in the way of some…

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bond-collateral requirement, Gary Gorton, inelastic currency, liquidity coverage ratio, national banking era
Banking Regulation, Economic History, The Fed & Central Banks

Basel’s Liquidity Coverage Ratio: Redux

Jeffrey Rogers Hummel/July 28, 2016June 19, 2022

Last summer I contributed a post at Alt-M about the Liquidity Coverage Ratio (LCR), a new regulation that is part of the latest international Basel Accords (Basel III) and that is being imposed on U.S. banks and other financial institutions. As I explained in that post, the…

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excess reserves, liquidity coverage ratio, required reserves, reserve ratio, reserve-deposit ratio
Economic Thought, Free Banking, Monetary Policy Primer, The Fed & Central Banks

A Monetary Policy Primer, Part 6: The Reserve-Deposit Multiplier

George Selgin/July 12, 2016June 19, 2022

In my last post in this series, I observed that an economy's "base" money serves as the "raw material" that commercial banks and other private-market financial intermediaries employ in "producing" deposits of various kinds that can themselves serve as means of exchange. If they could do so…

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News

Reserve Requirements Basel Style: The Liquidity Coverage Ratio

Jeffrey Rogers Hummel/July 31, 2015June 19, 2022

Over the last couple of decades, reserve requirements all but vanished as a means of bank regulation and monetary control.  But now a new variation on reserve requirements is being introduced through the capital controls of the Basel Accords. Canada, the UK, Sweden, Australia, New Zealand, and…

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Recent Posts

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About Us

Welcome to Alt-M, a community devoted to exploring and promoting ideas for an alternative monetary future. Our goal is to reveal the shortcomings of today’s centralized, bureaucratic, and discretionary monetary arrangements, and to bring serious consideration of real alternatives to the center stage of current monetary and financial reform debates.

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