Techniques of Monetary ControlA study of the scope and method of central banking in the framework of the contemporary monetary system of the US. The book is a series of essays, each concerned with individual techniques of monetary continue. |
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Page 5
... bank reserves ; second , the influencing of the level of interest rates ; and , third , the influencing of the structure of in- terest rates . Thus an open - market operation absorbing or releas- ing reserves of a given amount may be ...
... bank reserves ; second , the influencing of the level of interest rates ; and , third , the influencing of the structure of in- terest rates . Thus an open - market operation absorbing or releas- ing reserves of a given amount may be ...
Page 46
... Reserve Bank of New York , Bank Reserves ( New York : 1951 ) , pp . 5-10 ; and Eco- nomic Policy Commission , American Bankers Association , Member Bank Reserve Requirements ( New York : 1957 ) , pp . 74-98 . 15 Federal Reserve Bulletin ...
... Reserve Bank of New York , Bank Reserves ( New York : 1951 ) , pp . 5-10 ; and Eco- nomic Policy Commission , American Bankers Association , Member Bank Reserve Requirements ( New York : 1957 ) , pp . 74-98 . 15 Federal Reserve Bulletin ...
Page 80
... bank reserves : its net effect on bank reserves is zero . Hence , swapping opera- tions are a means for altering the maturity structure of interest rates without tightening or easing bank reserves . Now the prohibition of swapping ...
... bank reserves : its net effect on bank reserves is zero . Hence , swapping opera- tions are a means for altering the maturity structure of interest rates without tightening or easing bank reserves . Now the prohibition of swapping ...
Contents
OpenMarket Operations Versus | 19 |
Supplementary SecurityReserve | 33 |
BillsOnly Doctrine | 53 |
Copyright | |
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86th Congress activity argument Bank of England bank reserves bank's bills-only Board of Governors borrowing cent central bank central-bank control commercial banks commercial-bank time deposits demand deposits direct central-bank discount rate doctrine earning assets effect expansionary Federal Reserve Bank Federal Reserve System financial intermediaries Government debt Government securities market higher reserve requirements Ibid increase instruments interest rates interest-rate lending liquidity loanable funds loans long-term markets long-term rates long-term sector market operations maturity sectors means of payment member banks ment mercial banks monetary authority monetary control monetary system moral suasion Open Market Committee open-market operations payment on demand penalty rate private credit private financial institutions quirements ratio recession rediscount facility reduce Reserve's restrictive monetary policy savings banks short-term rates short-term sector structure of interest supplementary requirements supplementary security-reserve requirements techniques of monetary time-deposit operations tion total deposits Treasury U. S. Government Printing United States Congress velocity volume York