Retail sweep programs and monetary asset substitution

Barry E. Jones, Adrian R. Fleissig, Thomas Elger, Donald H. Dutkowsky

Research output: Contribution to journalArticlepeer-review

4 Scopus citations

Abstract

This paper examines how retail sweep programs affect monetary asset substitution. Estimates from the Fourier flexible form reveal that sweeping generates systematic and sometimes large distortions in estimated bank depositor substitution elasticities.

Original languageEnglish (US)
Pages (from-to)159-163
Number of pages5
JournalEconomics Letters
Volume99
Issue number1
DOIs
StatePublished - Apr 1 2008

Keywords

  • Fourier
  • Monetary asset substitution
  • Retail sweep programs

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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