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Link of the Day
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Nov 23
Paper on Bank Regs, SLR and MMFs
A recent acedemic paper, "Bank Regulation and Monetary Policy: the Role of Non-Bank Financial Institutions," written by Gara Afonso, Marco Cipriani, and Gabriele La Spada, explains, "Using a quasi-natural experiment, we show that quantitative easing (QE) interacts with bank regulation, impacting the size and portfolio choices of non- ...
