Monetary Control |
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Page 11
... control systems also encounter the general problem resulting from liability ... control system with a mandatory requirement to hold base assets would produce the desired results . None of the ... SYSTEMS A System related to the Base 11.
... control systems also encounter the general problem resulting from liability ... control system with a mandatory requirement to hold base assets would produce the desired results . None of the ... SYSTEMS A System related to the Base 11.
Page 24
... base ( such as the euro - markets and through the bill leak ) . Severe ... system as a whole , only spread its incidence . In practice , such penalties ... control system if there were arrangements for progressively higher interest rates ...
... base ( such as the euro - markets and through the bill leak ) . Severe ... system as a whole , only spread its incidence . In practice , such penalties ... control system if there were arrangements for progressively higher interest rates ...
Page 25
... base systems see such a commitment by the authorities to controlling the base as the main advantage of a monetary base control system . 20. Under this option , the Bank would , in principle , undertake open market operations on a day ...
... base systems see such a commitment by the authorities to controlling the base as the main advantage of a monetary base control system . 20. Under this option , the Bank would , in principle , undertake open market operations on a day ...
Common terms and phrases
achieve Annex authorities balance sheet bank lending Bank of England Bank's lending rate banking system base control system base money bill leak call for Special cash requirement cent Certificate of Deposit changes in interest Chapter control the base controlled institutions discount houses discount market divergence effect eligible liabilities expectations financial system fluctuations forecast forms of disintermediation funds Government growth of M3 individual banks inter-bank interest rate changes last resort facilities London Clearing Banks mandatory requirement market rates Minimum Lending Rate monetary base control monetary conditions monetary control monetary growth monetary policy monetary target money stock money supply open market operations operative rate penalties period present primary liquidity private sector problems PSBR rate of growth required to hold Reserve Assets Ratio seasonally adjusted short run short term interest short term securities significant Special Deposits scheme SSD scheme term interest rates term monetary Treasury Bills trend United Kingdom