SECURITY-RESERVE REQUIREMENTS IN THE UNITED STATES AND THE UNITED KINGDOM: A COMMENT

Authors

  • A. N. McLeod

    1. Toronto-Dominion Bank
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    • The views expressed are, of course, the personal opinions of the author and do not necessarily represent the official views of the Toronto-Dominion Bank
    • [EDITOR's Note: The following comment and replies were written prior to the release of the report of the Radcliffe Committee (Report, Committee on the Working of the Monetary System, H.M. Stationery Office, Cmd. 827). Publishing deadlines for the Journal of Finance precluded textual revision by the authors to take account of the Report.]


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