Easy Lending: How the Federal Reserve's Response to Covid Helped Cause America's High Inflation

On April 1, 2008 in the midst of rising inflation a secret rule went into effect in Saudi Arabia-Banks' Reserve Requirements were raised from 10% to 12% to slow the growth of money supply and curb inflation (Reuters, 2008). Monetary policy memos are typically kept secret in Saudi Arabia, but that didn't stop people from talking about the change coming through. So, what exactly are these bank reserve requirements? In short, it's your money that you think is in the bank, but isn't. Supplementary Material File (easy lending_v2.pdf) - Download - 205.68 KB Information & Authors Information Version history Copyright This work is licensed under a Creative Commons Attribution 4.0 International License

Authors Metrics & Citations Metrics Article Usage 104views 87downloads Citations Download citation Andrew Edwards. Easy Lending: How the Federal Reserve's Response to Covid Helped Cause America's High Inflation. Authorea. 13 October 2025. DOI: https://doi.org/10.22541/au.176037527.71679618/v1 DOI: https://doi.org/10.22541/au.176037527.71679618/v1 If you have the appropriate software installed, you can download article citation data to the citation manager of your choice. Simply select your manager software from the list below and click Download. For more information or tips please see 'Downloading to a citation manager' in the Help menu.