The Weekend Eurodollar Game
揭示美国大银行利用周五权重较高的准备金计算规则，通过虚构欧洲美元交易来规避准备金要求，导致不公平、增加信用风险并扭曲货币存量度量，建议通过支付准备金利息或调整权重来消除该激励。
ABSTRACT A growing number of large U.S. banks have used artificial Eurodollar transactions in connection with the heavier weighting of Fridays in the calculation of required reserves to significantly reduce the impact on them of that requirement. This reserve avoidance behavior bestows an unintended and inequitable benefit on those banks engaging in it, unnecessarily increases risks from credit exposures and potentially distorts money stock measures. The incentive for this activity and hence its practice can best be removed by paying interest on required reserves or weighting Fridays equally with all other business days in the reserve requirement calculations.