LIBROS DEL AUTOR: diana hancock

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  • A Theory of Production for the Financial Firm
    Diana Hancock
    Furthermore, if the effects of regulations on user costs are excluded, it is impossible to analyze monetary policy effects. Chapter 2 examines the principal areas of regulation that affect user costs. For example, reserve requirements, as administered by the Federal Reserve, act as a tax on financial firms so covered. Required reserves earn no return ...
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