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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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SOFR

repos, reverse repos, U.S. Treasury, Federal Reserve, SOFR,
Money & Politics, News, Recommended Reading, The Fed & Central Banks

The Fed's New Foreign Repo Pool Policy

George Selgin/January 10, 2020June 19, 2022

On November 12th I wrote a longish post explaining how growth fluctuations in two of the Federal Reserve's less-familiar liabilities—the foreign repo pool (FRP) and the Treasury General Account (TGA)—had contributed to a shortage of bank reserves that in turn caused repo rates to spike. I followed…

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Federal Reserve, Floor system, corridor system, balance sheet, SOFR, credit markets
Financial Markets, Money & Politics, The Fed & Central Banks

Fed Watchers Should Keep an Eye on the IOER-SOFR Spread

George Selgin/July 25, 2019June 19, 2022

Regular Alt-M readers are no doubt looking forward to the FOMC's announcement next Wednesday. But I doubt they'll be sitting at the edges of their seats between now and then, much less biting their fingernails. Markets have, after all, been anticipating a modest Fed cut ever since…

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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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