Money and Banking |
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Page 295
... operations of the Federal Reserve . Note first that the Federal Reserve is in the enviable position of being able to acquire assets simply by writing up liabilities against itself . In this specific case , for example , the Federal ...
... operations of the Federal Reserve . Note first that the Federal Reserve is in the enviable position of being able to acquire assets simply by writing up liabilities against itself . In this specific case , for example , the Federal ...
Page 305
... operations . As noted , the Federal Reserve has absolute control over this figure ; it may buy or sell exactly that amount of securities it wishes and on a continuous basis . Open market operations are the main device used by the ...
... operations . As noted , the Federal Reserve has absolute control over this figure ; it may buy or sell exactly that amount of securities it wishes and on a continuous basis . Open market operations are the main device used by the ...
Page 324
... operations can be conducted on any scale , from massive to minute . These three strengths of open market operations make it the favorite tool of the Federal Reserve for the day - to - day conduct of monetary policy . However , open ...
... operations can be conducted on any scale , from massive to minute . These three strengths of open market operations make it the favorite tool of the Federal Reserve for the day - to - day conduct of monetary policy . However , open ...
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Common terms and phrases
accounts amount analysis assets average balance of payments bank reserves bank's bankers banking system banks per town bond borrowing branch banking capital cash Chapter coefficient commercial banks corporations currency curve decrease demand deposits demand for money dollars economists economy employment equilibrium example excess reserves exchange rate FDIC Federal Reserve System Figure financial institutions function funds gold government securities holding companies increase inflation interest rates investment investor issue Keynesian liabilities liquidity long-term maturity member bank reserves merger million monetary policy money market money supply national banks national income number of banks open market operations percent portfolio profit quantity of money quantity theorists question rate of interest real bills doctrine real sector regression analysis regression equation relationship reserve requirements S&Ls savings deposits schedule sell short-term statistical Table tion transactions Treasury bills unit banking United States government yield curve