id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
cblr-1707	Ricks, Morgan	Money As Infrastructure	2019	95	.pdf	application/pdf	31852	1781	55	This Part argues that administrative controls on bank deposit rates present an attractive (and previously overlooked) strategy for addressing these problems. The authors summarize evidence that bank deposit rates respond asymmetrically to changes in federal funds rates: When federal funds rates decline, banks quickly reduce deposit rates, but when federal funds rates increase, banks are slow to raise deposit rates.	cache/cblr-1707.pdf	txt/cblr-1707.txt