Is There Any Rationale for Reserve Requirements
探讨准备金要求的当代合理性，发现除了避免完全依赖贴现窗口满足银行日常流动性需求外，几乎没有其他支持理由。
A search for a contemporary rationale for reserve requirements that finds little to recommend them other than an aversion to total reliance on the discount window for meeting banks' day-to-day liquidity needs.