A tax on excess reserves would worsen the banking crisis and could lead to a run on the dollar, according to John Thornton.
Ed. by Cragg, Michael / Edlin, Aaron S. / Jaffee, Dwight / Stiglitz, Joseph / Zwiebel, Jeffrey
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Comment on Edlin and Jaffee: From Banking Crisis to Currency Crisis
John Thornton
1Bangor University Business School, UK
Citation Information: The Economists' Voice. Volume 6, Issue 10, Pages –, ISSN (Online) 1553-3832, DOI: 10.2202/1553-3832.1590, October 2009
Publication History:
- Published Online:
- 2009-10-23
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