IMPLICIT INTEREST ON DEMAND DEPOSITS

被引：37

作者：

STARTZ, R

机构：

[1] Massachusetts Institute of Technology, Cambridge

来源：

JOURNAL OF MONETARY ECONOMICS | 1979年 / 5卷 / 04期

关键词：

D O I：

10.1016/0304-3932(79)90013-8

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Traditionally, monetary theory assumes money bears zero interest. More recently, it has been recognized that banks implicitly pay interest through providing free services. In this paper, the implicit interest rate is estimated from two different sources. Implicit interest appears to be about one-half of what a competitive rate would be in the absence of the prohibition against explicit interest. © 1979.

引用

页码：515 / 534

页数：20