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 31
... open - market operations whereby such operations are not confined to a particular maturity sector to the exclusion of other sectors , the usefulness of open - market operations can be assessed in full measure . We , therefore , adopt ...
... open - market operations whereby such operations are not confined to a particular maturity sector to the exclusion of other sectors , the usefulness of open - market operations can be assessed in full measure . We , therefore , adopt ...
Page 53
Joseph Aschheim. 4 OPEN - MARKET OPERATIONS : " BILLS - ONLY " DOCTRINE AND ECONOMIC STABILIZATION I. CHOICE OF SECTOR The central - bank technique of open - market operations has , in recent years , been the subject of growing attention ...
Joseph Aschheim. 4 OPEN - MARKET OPERATIONS : " BILLS - ONLY " DOCTRINE AND ECONOMIC STABILIZATION I. CHOICE OF SECTOR The central - bank technique of open - market operations has , in recent years , been the subject of growing attention ...
Page 55
... Open Market Committee has been in the opposite direction . But the identity of the one dissenting member of the Committee is as noteworthy as the near unanimity on this ... open - market technique for the central Open - Market Operations 355.
... Open Market Committee has been in the opposite direction . But the identity of the one dissenting member of the Committee is as noteworthy as the near unanimity on this ... open - market technique for the central Open - Market Operations 355.
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