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A Comment from the GSIBer World on Excess Reserves

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Via Economic Policy Journal

Kevin B. emails:

Bob,

Your article published today(“The Absurd Fear Mongering Begins: ‘One or more big financial companies have run out of cash to pay bills they owe.'”) was excellent.  The analysis outlined is significantly better than the information being exchanged in the financial press, and it provides details into the world of excess reserves that is typically ignored.

I have spent the majority of my career working for GSIBs, and I found your analysis to be informative, direct and spot on.  Bravo.

Kevin


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