Overnight RRP Operations as a Monetary Policy Tool: Some Design Considerations

by Federal Reserve Board

We review recent changes in monetary policy that have led to development and testing of an overnight reverse repurchase agreement (ON RRP) facility, an innovative tool for implementing monetary policy during the normalization process. Making ON RRPs available to a broad set of investors, including nonbank institutions that are significant lenders in money markets, could complement the use of the interest on excess reserves (IOER) and help control...

• Format: Paperback
• Language: English
• ISBN: 151146724X
• ISBN13: 9781511467247
• Release Date: March 2015
• Publisher: Createspace Independent Publishing Platform
• Length: 38 Pages
• Weight: 0.25 lbs.
• Dimensions: 0.1" x 8.5" x 11.0"