Tag: Basel requirements
The Continuing Puzzle of the Hyperinflation that Hasn’t Occurred

Since late December 2008, the bank prime lending rate — the interest rate banks charge their best corporate customers — has remained steady at 3.25 percent. Meanwhile, during the same period, the excess reserves that commercial banks hold at the Fed have increased from $2 billion in August 2008 to $1,513 billion in May 2011. Ordinarily,…
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  • Catalyst
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