Retail sweep programs and monetary asset substitution

C-Tier
Journal: Economics Letters
Year: 2008
Volume: 99
Issue: 1
Pages: 159-163

Score contribution per author:

0.252 = (α=2.02 / 4 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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.

Technical Details

RePEc Handle
repec:eee:ecolet:v:99:y:2008:i:1:p:159-163
Journal Field
General
Author Count
4
Added to Database
2026-01-25