Friedman, Benjamin M.; Kuttner, Kenneth N. - In: Handbook of monetary economics : volume 3, (pp. 1345-1438). 2010
practice, including in particular reserve averaging procedures and a commitment, either explicit or implicit, by the central … bank to lend or absorb reserves in response to differences between the policy interest rate and the corresponding target. A … the supply of banking system reserves, as in conventional economics textbooks; this process normally involves little or no …