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Monetary Base Control
Summary and Conclusions
1 other sections not shown
achieve authorities balance sheet bank lending Bank of England Bank’s banking system base control system base money bill leak call for Special cent Certiﬁcate of Deposit changes in interest Chapter control the base deﬁnition diﬂiculties discount houses discount market divergence effect eligible liabilities expectations ﬁnance ﬁnancial markets ﬁnancial system ﬁrst ﬁscal policy ﬂuctuations forecast forms of disintermediation funds Government growth of M3 inﬂation inﬂuence inter-bank interest rate changes last resort facilities lending rate London Clearing Banks mandatory requirement market rates Minimum Lending Rate monetary base control monetary conditions monetary control monetary growth monetary policy monetary target money ﬁgures money stock money supply open market operations operative rate penalties period present primary liquidity private sector problems PSBR rate of growth reﬂect required to hold Reserve Assets Ratio seasonally adjusted short run short term interest signiﬁcant Special Deposits scheme speciﬁed SSD scheme term interest rates Treasury Bills trend United Kingdom