00000nam 2200000zi 4500 9.954462 CaOODSP 20250826095434 m o d f cr mn||||||||| 250826e20250527oncd ob f|0| 0 eng d CaOODSP eng rda CaOODSP eng eng fre n-cn--- FB3-5/2025-15E-PDF Witmer, Jonathan, 1975- author. The optimum quantity of central bank reserves / Jonathan Witmer. [Ottawa] : Bank of Canada = Banque du Canada, 2025. ©2025 1 online resource (iii, 26 pages) : graphs. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff working paper = Document de travail du personnel, 1701-9397 ; 2025-15 "Last updated: May 27, 2025." Includes bibliographical references (pages 17-19). "This paper analyzes the optimal quantity of central bank reserves in an economy where reserves and other financial assets provide liquidity benefits. Using a static model, I derive a constrained Friedman rule that characterizes the socially optimal level of reserves, demonstrating that this quantity is neither necessarily large nor small but depends on the marginal benefits of reserves relative to alternative safe assets"--Abstract, page ii. Includes abstract in French. Monetary policy Economic aspects Canada. Financial institutions Canada. Fiscal policy. Politique monétaire Aspect économique Canada. Institutions financières Canada. Politique fiscale. Bank of Canada, author. Staff working paper (Bank of Canada) 2025-15. (CaOODSP)9.806221 PDF 1.20 MB https://publications.gc.ca/collections/collection_2025/banque-bank-canada/FB3-5-2025-15-eng.pdf