Retail sweep programs and monetary asset substitution

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

doi:10.1016/j.econlet.2007.06.018

Retail sweep programs and monetary asset substitution

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

Department of Economics

Research output: Contribution to journal › Article › peer-review

5 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 language	English (US)
Pages (from-to)	159-163
Number of pages	5
Journal	Economics Letters
Volume	99
Issue number	1
DOIs	https://doi.org/10.1016/j.econlet.2007.06.018
State	Published - Apr 2008

Keywords

Fourier
Monetary asset substitution
Retail sweep programs

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/j.econlet.2007.06.018

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title = "Retail sweep programs and monetary asset substitution",

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.",

keywords = "Fourier, Monetary asset substitution, Retail sweep programs",

author = "Jones, {Barry E.} and Fleissig, {Adrian R.} and Thomas Elger and Dutkowsky, {Donald H.}",

year = "2008",

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AU - Fleissig, Adrian R.

AU - Elger, Thomas

AU - Dutkowsky, Donald H.

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KW - Retail sweep programs

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JO - Economics Letters

JF - Economics Letters

IS - 1

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Retail sweep programs and monetary asset substitution

Abstract

Keywords

ASJC Scopus subject areas

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