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These brief essays delve into the economic issues of the day for a generally informed readership.

2011, No. 04 (Posted 2011-02-22)

Are Bank Reserves and Bank Lending Connected?

by Silvio Contessi

As long as the strength of the recovery remains uncertain, there are few other investment opportunities, after adjusting for risk and taxes, with anticipated returns greater than the near-zero interest the Federal Reserve pays on deposits.

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