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

Economics

Binghamton University

California State University Fullerton
Lund University
Syracuse University

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

6 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
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

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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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language = "English",

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AU - Fleissig, Adrian R.

AU - Elger, Thomas

AU - Dutkowsky, Donald H.

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N2 - 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.

AB - 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.

KW - Fourier

KW - Monetary asset substitution

KW - Retail sweep programs

UR - https://www.scopus.com/pages/publications/41049104688

U2 - 10.1016/j.econlet.2007.06.018

DO - 10.1016/j.econlet.2007.06.018

M3 - Article

SN - 0165-1765

VL - 99

SP - 159

EP - 163

JO - Economics Letters

JF - Economics Letters

IS - 1

ER -

Retail sweep programs and monetary asset substitution

Abstract

Keywords

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