The role of several theoretical factors in determining the demand of US banks for borrowed reserves from the Fed is empirically investigated. The main objective is to isolate the candidate(s) most likely responsible for the recent observed phenomenon of banks reluctance to borrow from the Fed,...

In this paper the authors have investigated the response of exports in Morocco to exchange-rate volatility using the recently developed cointegration and error-correction techniques. In measuring volatility, many previous studies have used a moving-average standard-deviation. The authors argue...

We examine the relationship between financial knowledge and long-term financial planning behavior. This analysis is important in light of the recent financial crisis and the current level of economic uncertainty. Survey responses from U.S. households are analyzed using analysis of variance,...