Retail sweep programs and monetary asset substitution

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

Research output: Contribution to journalArticlepeer-review

5 Scopus citations


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
Issue number1
StatePublished - Apr 2008


  • Fourier
  • Monetary asset substitution
  • Retail sweep programs

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics


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